Preneed Funeral Insurance
You can alleviate the financial burden and minimize difficult decisions for your family by preplanning with a Preneed Funeral insurance plan.
What is Preneed Funeral insurance?
Preneed Funeral insurance, also known as burial insurance, is a type of permanent life insurance that only covers your funeral expenses. It’s purchased through our funeral home, which becomes your insurance beneficiary. You attend a preplanning appointment with us, where you choose every element you want included in your funeral service, including everything from the casket to flowers to transportation for the family. We calculate the costs, and that amount is the basis for your Preneed Funeral insurance plan payable in one installment or through monthly premiums. It also holds that rate for the cost of your selected funeral, regardless of inflation. Upon your passing, the funds are paid to Hardwick Funeral Home.
Why do you need Preneed Funeral Insurance?
Over time, inflation will likely cause funeral costs to increase, but a funeral contract combined with a Preneed insurance plan can offset inflation for the items and services you include in your policy.
Preplanning also allows you time to understand the process and make clear choices that are right for you. You can decide if you want a burial or cremation, select a casket or urn, and even arrange for items incidental to the service. Best of all, prearranging everything with us makes the entire process easier for your family. Your wishes are spelled out clearly, so it eliminates all the guesswork. They will not need to wonder what kind of service you wanted or whether you desired a burial or cremation. Every detail can be outlined in advance, so they won’t be overwhelmed with choices while grieving.
How our Preneed Funeral insurance plan stands out
Our Preneed insurance plans are specifically designed to keep pace with an ever-changing funeral market. Your premiums will never be increased, and your policy will never be discontinued as long as the premiums are paid on time. Your health may dictate which plan you qualify for, but you won’t be denied a policy based upon poor health. We provide two Preneed Funeral insurance plans that offer a variety of payment plans to meet your needs.
The Voyage product is designed to credit a favorable growth rate to the face amount of the policy OR a return of the premiums paid as a death benefit, whichever is higher. You’ll never pay more than what gets returned in a death benefit. This product is offered in Single Pay, One-year, Three-year, Five-year, and Ten-year payment plans. The payment plans are restricted by age, up to age 89. Two simple health questions qualify you for first-day coverage; otherwise, a graded death benefit is available.
The Course product is designed to credit a favorable growth rate to the face amount of the policy. The policy premiums for the product are slightly lower than the Voyage product. This plan is offered in Single Pay, One-year, Three-year, Five-year, and Ten-year payment plans. The payment plans are restricted by age, up to age 89. Two simple health questions qualify you for first-day coverage; otherwise, a graded death benefit plan is available. The Course one-year plan is a same-as-cash plan payable over a one-year period.
Both of our Preneed insurance plans are transferable to a different funeral home if you move from the area. Most mortuaries or funeral homes are willing to honor the commitments and pricing of the previous funeral home. If you would like to transfer your existing Preneed we will be happy to assist you with this process.