Family Benefits of a Pre-Arranged Funeral Plan

Planning for a funeral deserves the same pre-planning attention we give to other equally important occasions. In planning ahead for funeral arrangements, consider these important objectives:

  • Pre-planning means your family and friends will not have the burden of making difficult decisions when you die. They may be emotional, distressed, or financially unable to deal with the situation.
  • Planning ahead for your own funeral arrangements results in spending less money than if those decisions were left to be made following your death. Often loved ones cannot resist the temptation to spend more on funeral services and merchandise. This situation can be eliminated by planning ahead, calmly and sensibly.
  • You can be sure your preferences will be honored .After working a lifetime providing for your family and yourself, there is increasing potential for your assets to be significantly depleted if you have not
  • pre-planned and pre-paid for funeral expenses. Every dollar is important for continuing income and comfort for the family members who remain. As funeral prices increase, pre-planning protects these precious assets because the funeral expenses have been paid and, in many states, guaranteed.
  • Pre-arranged funeral plans can be irrevocably assigned, in many states, to pay only for funeral expenses. This benefit may assist the policyholder to qualify for Medicaid or any other form of public assistance. Should you ever need to apply, the funds in the funeral plan will be exempt in most cases and not considered part of your available assets.
  • Funeral costs continue to rise, making it difficult to plan financially for the future. Using today’s dollars, pre-planning with a guaranteed funeral plan provides a solution to this dilemma. Many funeral plans offer a guarantee so that your family will never pay more for goods and services you selected today, regardless of the future price increases. Those who fund a pre-arrangement now can tell their families that the choices made today will be provided in the future. This is not only a kind and considerate thing to do for one’s family and friends, but makes good sense as well.

For out more about funeral pre-planning please contact our advanced planning department at (805) 418-0310

Funeral Pre-Planning

Guaranteed-Issue Plans
Many insurance plans restrict those who can qualify by limiting the age or imposing stringent health requirements, thus limiting the funeral director’s opportunity to serve a large segment of the funeral buying public. Great Western does not impose these restrictions.

All customers up to age 100 qualify for coverage regardless of health problems. Full benefits are paid after two years on three-, five- and ten-year payment plans, and after only ten months on one-year payment plans. Accidental death coverage is provided from the first day. Full benefits are paid from day one on single premium plans.

Full First-Day Coverage Plan
Full death benefits are available upon policy delivery to all except the critically ill. Physical examinations are not required; two simple health questions qualify the customer for full first-day coverage. The questions were designed to accept people who have normal health problems.

GUARANTEED-ISSUE PLANS

Featured Benefits

  • Available to age 100; age 89 for multiple-pay plans
  • Inflation protection
  • Accidental death benefit
  • Coverage on multiple payment plans available from $750 to $20,000
  • Coverage on single-premium payment plans available from $500 to $20,000
  • Lower premiums for those who choose to pay by electronic funds transfer
  • Additional cash advance option available in most states
  • Away-from-home death benefit available in most states
  • Single-pay discounted rider available for large down payments
  • Add-on rider available for merchandise and service upgrades
  • Probable exemption from IRS/SSI attachment
  • Most competitive commissions in the industry

Payment Options
Single premium with a discount or enhanced face amount. One-, three-, five- and ten-year payment plans
available.

FIRST-DAY COVERAGE PLANS

The insured is fully covered immediately after signing the delivery receipt if he or she can answer “No” to two simple health questions.

Featured Benefits

  • Available to age 100; age 89 for multiple-pay plans
  • No medical examination required
  • Immediate and full coverage upon delivery of policy
  • Inflation protection
  • Coverage on multiple payment plans available from $750 to $20,000
  • Coverage on single-premium payment plans available from $500 to $20,000
  • Lower premiums for those who choose to pay by electronic funds transfer
  • Additional cash advance option available in most states
  • Away-from-home death benefit available in most states
  • Single-pay discounted rider available for large down payments
  • Add-on rider available for merchandise and service upgrades
  • Probable exemption from IRS/SSI attachment
  • Most competitive commissions in the industry
  • Single Premium Payment Plans