UPPEC PreNeed Funeral Insurance

1
UPPEC Pre-Need Funeral Insurance

• A Program Overview

Protecting and Serving California Communities For
Over a Century
2
Where is the UPPEC Plan Sold?

• The UPPEC partners with Funeral Homes throughout
  the State of California.
• Pre-Need Funeral Insurance Agents within the
  funeral homes are the ones that sell the UPPEC
  Pre-Need Funeral Insurance Plan.
• The UPPEC provides a list of these funeral homes
  on its web site or you may call for one in your
  area at 800-538-7732.

3
Types of Funeral Homes

• There are corporate owned and private or family
  owned funeral homes.
• Corporate funeral homes tend to charge more for
  good and services.
• Private or family owned funeral homes are as much
  as 30 less expensive than corporate.
• The UPPEC partners with only reputable private or
  family owned funeral homes.

4
Is Funeral Insurance a New Idea?

• The quick answer is NO, Pre-Need Funeral
  Insurance or commonly called Pre-Need has been
  around for decades.
• Much like other insurance products, Pre-Need
  offers the policy owner, the insured, and loved
  ones peace of mind, cost savings, and much more.
• Covering yourself or a loved one under a Pre-Need
  plan relieves the worry and frustrations of
  planning a funeral at a very emotional time.
• In fact, the UPPEC may be one of several Pre-Need
  Policys used to pre-plan within one Funeral
  Home.
• Support the Society by stipulating the UPPEC
  Pre-Need Policy to the Funeral Home.

5
Are There Money Savings?

• Yes! Most Definitely!
• Consider the cost of inflation.
• The Pre-Need PRICE IS LOCKED IN FOR LIFE the day
  a plan is purchased.
• Costs of just funerals rise as high as 5 each
  year.
• Locking in pricing is just one of the purposes
  for Pre-Need.

6
Other Pre-Need Purposes

• Pre-Planning your or a loved ones funeral
  relieves the enormous emotional and financial
  burden that otherwise would be placed on loved
  ones.
• Pre-Planning frees family and friends of added
  responsibility and avoids confusion during a time
  of grief.
• Pre-Planning provides the security of knowing
  wishes will be fulfilled to the last detail.
• Pre-planning with a UPPEC Pre-Need Policy
  supports the Society.
• Pre-planning with a UPPEC Pre-Need Policy
  protects your assets from Medi-Cal.

7
Cost

• Cost is relative to the goods and services you
  purchase.
• Cremation can go for under 1000 and a
  traditional burial average about 6,500
  nationwide.
• Of course you can spend as much or as little as
  you like, the skys the limit.
• Remembers that the cost of doing nothing still
  costs in fact, costs more each year.

8
Pre-Need Agents Role

• Pre-Need Agents will meet you at your home or at
  the funeral home.
• Pre-Need agents work within any budget through a
  wide variety of available goods and services.
• There is never an obligation to buy. You may go
  just for informational purposes.
• Most Funeral Agents will keep your selection
  information until you are ready to buy.

9
UPPEC Role

• Collect contract and money to fund Pre-Need at
  time of need.
• Invest money collected to earn interest to cover
  inflation costs for funeral home.
• Provide the Pre-Need Policy to the insured.
• Send statements to insured who choose convenient
  payment plans.
• Provide security and integrity of over a century
  of service to its members and the public.

10
Funding Pre-Need

• Several Options.
• One lump-sum is the least expensive because it
  avoids interest charges on monthly payments.
• Monthly payment plans are available with your
  choice of 36 months, 60 months, or 120 months.
• Early payoff is possible within the first 12, 24,
  or 36 months respectively, without penalties.

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Full Coverage

• Covered on day-one the policy is signed.
• Covered 100 on day-one when paid in one-lump-sum
  despite any answer to two health questions asked
  in the application.
• Covered 100 on day-one if applicant is in good
  health.

12
Graded Coverage

• Graded Coverage means that you are not in good
  health.
• Good Health equates to answering NO to two
  health questions on the application.
• Instead of being covered 100 on day-one the
  insured is gradually brought to 100 coverage
  over a period-of-time.
• Graded Coverage only applies to the insured when
  a YES is answered to a health question AND the
  insured is not making a payment in one-lump-sum.

13
Graded Coverage

• Graded Coverage only applies to the insured on a
  monthly payment plan AND has answered YES to
  one or both health questions.
• On 36 Month Plans, Graded 1st year coverage is
  50 and 2nd year is 100.
• On 60 Month Plans, Graded 1st year is 35, 2nd
  year 70, and 3rd year 100.
• On 120 Month Plans, Graded 1st year is 25, 2nd
  year is 50, 3rd year is 75, and 4th year is
  100.

14
Health Question One

• With the past year, have you been diagnosed by a
  physician or been treated for
• A. A heart attack, congestive heart failure.
  Angina pectoris, stroke, emphysema, or internal
  cancer?
• B. Kidney failure, Alzheimers disease,
  alcoholism, or liver cirrhosis?
• C. Had an amputation caused by disease, had or
  been advised to have treatment for a heart
  condition, or blood vessel disease?
• D. High blood pressure and diabetes together?

15
Health Question Two

• Within the past year, are you now in a nursing
  home or other institution, or been told by a
  physician that you should be?

16
FAQ

• How do I fund my UPPEC Pre-Need Policy in
  one-lump-sum?
• Answer Some people borrow from other accounts
  like a 401k insured pay their self back, take a
  loan, or pay cash.
• Who sells the UPPEC Pre-Need Policy?
• Answer The Funeral Home is where you go, a
  Pre-Need Life Agent listed on the UPPEC List of
  Funeral Homes signs your application after the
  goods and services are agreed, but you
  specifically need to ask for the UPPEC Pre-Need
  Policy.

17
FAQ

• Can an existing Pre-Need plan with another
  Funeral Home, corporately owned or not, be
  transferred to a UPPEC Pre-Need Policy and/or
  Funeral Home?
• Answer Yes! Simply put your request in writing
  to the UPPEC and the UPPEC will assist you in
  getting this done. Make sure, however, that the
  new home is able and willing to provide the type
  of funeral you want before handing over
  assignment.

18
FAQ

• I already have a Life Insurance Plan that covers
  me in the event of death. Why do I need a UPPEC
  Pre-Need Policy?
• Answer Life Insurance Policies may be
  considered an asset should you need to apply for
  Med-Cal. In order to qualify for Medi-Cal you
  will need to spend down your assets. Funeral
  Insurance is a special type of insurance that
  cannot be touched by Medi-Cal. If already a UPPEC
  member, it supports the society.

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Best Practices

• Funding your UPPEC Pre-Need Policy in
  one-lump-sum avoids interest costs built into
  monthly-pay-plans.
• Funding your UPPEC Pre-Need Policy in
  one-lump-sum avoids a Graded Policy.
• Use the list of preferred funeral homes from the
  UPPEC.
• Use the UPPEC Pre-Need Plan by buying it as a
  gift for someone you love or care for.
• Encourage friends and family to purchase they do
  not need to be a member. The public is always
  welcome!

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Contact Information

• Contact the UPPEC at 800-53-UPPEC (87732).
• Visit us on the web at www.uppec.org.
• Contact via E-mail at supremecouncil_at_uppec.org.
• Write us at 1229 B Street, Hayward, CA 94541.
• Well be happy to speak and meet with you to
  offer our help to make the right decisions.
• Click on this link for the list of current
  funeral homes the UPPEC partners with.