(Newswire.net — September 20, 2016) Huntington Beach, California — Final arrangements for funerals or other end-of-life services can be very expensive. Surviving family members may struggle with the financial burden surrounding the death of a loved one. atRest.com, an online funeral and end of life services marketplace, understands the difficulties and uncertainties that surround final expenses. Several insurance plans are specifically designed to ease the financial strain family member’s face. “With a range of options available to families, it is important to understand the distinctions between each major type of final expense insurance,” says a spokesperson for the online funeral services directory firm. “Whether one chooses preneed funeral insurance or a life insurance plan, there are pros and cons for each that should be evaluated relative to each circumstance, with a qualified provider.” The company has written extensively on their blog about final expense insurance plans; visit www.atrest.com/blog/insurance-options-for-final-expenses to learn more.
Final expenses insurance can be broken down into four major options: term or permanent life insurance, final expense insurance, and preneed funeral insurance. Term and permanent life insurance is purchased from an insurance company or agent and provides coverage for a variety of financial expenses. Term life insurance is designed to provide coverage for a set period of time, while permanent life insurance is for the duration of the policyholder’s life. Permanent life insurance tends to be more expensive than term policies, but builds value over time on a tax-deferred basis.
Final expense insurance is sometimes referred to as burial insurance. This option is another form of life insurance, but it is solely designed for end-of-life expenses such as funeral or memorial services and the hospital bills associated with the holder’s final days. Because this type of insurance usually does not require a medical exam to qualify, it can be suitable for those individuals in poor health. However, policies of this nature are also more expensive than other life insurance products.
Another option is preneed funeral insurance, where the policy covers end-of-life expenses like funerals, memorial services, cremations, or burials. Costs of these services are prearranged with a participating funeral home or funeral services provider. The funeral prearrangement costs are locked in at today’s prices, meaning that they cannot go up due to inflation or rising industry costs. This option offers policyholders more convenience- the funeral home itself files all the claim paperwork and is paid benefits directly. Families may have no tax consequences as a result. For all of these insurance types, it is critical to explore options with insurance and funeral services professionals. For more information or to explore end-of-life services providers, visit www.atrest.com.
About atRest, Inc.
As an innovative new player in the industry, atRest.com has created a one-of-a-kind online marketplace for funeral and end-of-life services. The company, established in 2016, offers a simple, intuitive, and thoughtful way to connect families in need with funeral and end of life services providers. The simple online directory operated by the company lets users explore both current needs and options for future planning.
atRest, Inc.
16400 Pacific Coast HighwayHuntington Beach, California 92649
United States
(844) 828-7378
support@atrest.com
https://www.atrest.com/