Celebrating your 85th birthday brings wisdom, cherished memories, and often a sobering realization: traditional life insurance companies have quietly moved you into their “declined” category. The frustration deepens when children express concern about final expenses, or when you discover that the small policy you’ve carried for decades may not cover today’s costs. What insurance companies […] Read more
Burial Life Insurance
Whether you’re pre-planning your own final expenses or reeling from the financial strain of an unexpected funeral, the steep cost of modern burials raises a tough question: how can your family cover these costs without draining their savings or taking on debt? After exploring various options, final expense insurance emerges as one answer, promising affordable […] Read more
Planning for final expenses can be a lot to handle, especially with terms like “burial insurance” and “life insurance” floating around, sometimes used interchangeably and other times not. It can become quite confusing when agents give mixed signals about whether they’re the same or serve different purposes. The truth is, burial insurance and life insurance […] Read more
As your parents age, it can be tough to face the possibility that their life insurance may not cover final expenses or unpaid debts. And while securing a policy for them may seem like a practical step, it’s also deeply personal and frequently confusing. This is why, in this guide, we’ll discuss the process of […] Read more
At IBUSA, we know planning for end-of-life expenses can feel overwhelming, especially with all the confusing and contradictory information out there about final expense insurance. Unfortunately, these common misconceptions can stop families from getting affordable coverage that could protect their loved ones from a heavy financial burden. So in an effort to prevent, we’ve put […] Read more
Planning for final expenses raises questions that many families prefer to avoid, yet the reality of funeral costs averaging $8,000 to $12,000 makes this planning essential. When researching options, you’ll encounter terms like “burial insurance,” “final expense insurance,” and “funeral insurance” that seem interchangeable but may carry different meanings depending on who’s explaining them. This […] Read more
Prepaid funeral plans are payment options typically offered by funeral homes or funeral directors as a way to help people finance the cost of a funeral over time. As such, they provide individuals and families with a way to help alleviate some of the financial burdens on their loved ones. The cost of the plan […] Read more
When life insurance feels overwhelming due to high premiums or complex underwriting, a $5,000 policy emerges as an accessible starting point that many families overlook. While financial advisors often recommend coverage amounts equal to 10 times your annual income, this smaller policy size serves specific purposes that traditional advice doesn’t address – immediate funeral costs, […] Read more
Dealing with the passing of a loved one can be an emotionally challenging experience. On top of that, it can also be financially draining, especially when it comes to funeral expenses. Fortunately, there are final expense insurance policies that are specifically designed to help alleviate some of the financial burden that your loved ones may […] Read more
For many people, “life insurance” sounds like something only the rich and famous get for their heirs or is only something someone needs to worry about when they get “old.” But that’s the same thinking that makes a roofer super busy once it starts raining! It’s also the same kind of thinking leaves many family […] Read more
