Nobody likes to think about having a loved one pass away. But when it does happen, and the family has not planned for it, the poor family can have a lot of stress to deal with. In the US, funerals can average $8,000 – $10,000 or more. In addition, their may be other costs, called final expenses, like travel, transportation of the body, and even settling debts like medical bills. Most families would have a hard time writing a check for this amount of money.
Other times, the children of a senior citizen will purchase the policy for their parents. The older person is still the insured person, while the kids are named as the beneficiaries and offer to pay the premiums.
2) Video Marketing- You may have to be cautious with the images you use in your videos, but this can be a great way to inform your potential clients of the options they face. You can sit in front of a camera and discuss the issues you wrote your articles about. That is a good way to get your face in front of your customers. People don’t buy from companies, they buy from other people. open care final expense insurance are yours if they get to see you in the videos. They will grow accustomed to you and will be more likely to purchase the services from you.
However, economic problems in recent years have really thrown a wrench into these well laid plans. Market accounts lost money and many people lost their jobs. In addition, housing problems reduced home values. While home prices fell, many mortgages rose. And to add insult to injury, the interest rates on savings accounts or bank CDs dropped to almost nothing. At the same time, credit card companies keep jacking up our interest rates and finding new and creative ways to charge us penalties and fees.
You can have the best ideas in the world on how to really help people! You can have a great marketing campaign to attract the right people to you! But, you’ll still struggle if you can’t get a high percentage of those people to take immediate action.
Instead of underwriting by asking health questions, a guaranteed issue policy will use a graded death benefit. This means that the policy will specify a period of time, 2 – 3 years, before the full benefit may be paid out. Before that, the policy may return premiums, and some may even pay interest on the premiums. But i order to get the full face amount of the policy, the insured person must survive the specified time period.
Most agents don’t focus on one thing or they do and then can’t keep there book of business because rates keep going up and they have to start over every year or the Government changes regulations and all those agents run to the next hottest thing.
It was not only the last thing on my mind but truly the last thing I wanted to deal with at that moment so I’ve decided to do a little research on how to keep my family out of that mess when my time comes. For that, I’ve found the one simple solution and it’s known as final expense insurance. Truly, final expense insurance is what I have been seeking. I have it organized to cover all my current debts, which I hope to eliminate before I pass, and to leave small bequests to those that stick around after I’m gone. I feel great knowing that my family will have less stress.