Funeral insurance companies, Cheapest prepaid funeral plans (1)

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Funeral Plan Provider What Do I Need To Know?

• Last week we wrote about what you need to know
  when you are planning a funeral for someone else.
  That article also applies for when you are
  planning one for yourself.This week we want to
  talk one of the most common questions we get
  asked about when speaking to customers what you
  should look for in a funeral plan provider or
  funeral insurance company.

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Keeping your money safe

• With any type of financial investment one of the
  first questions people ask is if their money will
  be safe with that company.
• What you need to look for in a company is a
  separation between the company and the money you
  are financially investing in a plan.
• Most funeral plan providers set up a Trust Fund
  where all customer payments go into. This ensures
  that the money you pay into your plan is safe if
  something goes wrong with the company.
• Some funeral companies offer over 50s funeral
  insurance where they will purchase an insurance
  policy in the customers name and that ensures
  the separation between the company and the
  customers payments into their funeral plan.
• Transparency and ClarityKnowing exactly what is
  and what is not included in your cover or plan is
  important.
• The company you choose should be able to tell you
  what you are paying for and what it will cover
  when it is needed. The company should be able to
  clearly define what will be entitled to, how much
  your payments will be, and how long you will be
  paying your plan or insurance.
• You can also ask a funeral plan provider about
  what possible additional charges can be added on
  the amount later on before agreeing to take out a
  funeral plan or funeral insurance. You dont want
  hidden charges to put the price up later down the
  line.
• Covers and Plans The provider you choose should
  have a plan that suits your needs. Most providers
  have different levels of covers you can choose
  from and may allow some personal or custom
  requests.
• If you have a level of care in mind that is
  outside of the providers level of cover you can
  get in touch with them and they should tell you
  whether they can or cannot provide what you want.
• What you can take away from todays post is that
  you should be confident in the funeral plan
  provider you choose before signing an agreement
  with them. Make sure they are clear and
  transparent with the cover, payments, and
  procedure you need to know about.