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Planning for your family after you pass
Family discussion
Here are some preparations you can make ● focus on specifics, including equity release
Documentation:● Provide them a financial fact sheet with all billing
information ● A will: necessary to avoid family conflict after
your passing Funeral Planning: Details for your loved ones
● Flowers● Scattering the ashes or the type of coffin ● Getting cremated or buried● Religious services
Investing in a funeral insurance policy will benefit
your family in the times to come after your death. Here’s where you can learn more about getting online funeral cover: http://www.letsinsure.com.au/
If your assets > debts, they'll be used for repayment
● Unpaid bills
● Outstanding loans
● Ongoing monthly household expenses
Funeral insurance and debt
● Is a Registered insurance company underwriting your policy?
● Address 'fine print'': choice of funeral parlor , payment in case of policy cancellation or modification?
● Do you get a price guarantee to lock in contemporary prices?
Finding the best funeral insurance plan
● Final expense insurance: beneficiary receives an amount to carry out your wishes
● Pre-need insurance: Bought from funeral home directors to implement specified funeral arrangements
Advantages
● Quick payout: funeral insurance comes into play within a day or two after it is claimed
● Low Cost Funeral Plans are cheaper than funeral bills
Common types of funeral policies
Thank You