Questions + Answers
It’s not unusual to have questions about life insurance. Below are some of the most frequently asked questions we receive, along with answers.
What is the difference between term insurance and whole life insurance?
Term insurance covers you for a short term of your life; 10, 20, or 30 years and the premiums may go up after every term.
Whole Life insurance covers you for your whole life, and the premiums never change, and coverage never decreases as long as you pay the premium.
What is the difference between a burial insurance and Final Expense insurance?
Burial insurance covers your burial at the issuing funeral home after you have paid the entire amount. If you transition before that time, you cannot be buried without paying.
Final Expense insurance is a whole life insurance policy. With a final expense policy you are covered for the full amount of your policy, the day of your first payment and the policy never changes as long as premiums are paid.
I have $2,000.00 in the bank. Isn’t that enough for my funeral expenses?
Is my plan still valid if I move to different state?
I already have a cemetery plot. How will the plan benefit me?