If you're considering the purchase of a funeral policy, then there are a few things you should know before you get started. Today and tomorrow we'll cover 10 tips that you should keep in mind as you go about shopping for and choosing your funeral policy.
- Do your research. As outlined in the posts of the last two days, this isn't a policy that you want to jump into without a little forethought.
- Before you settle on an insurer, make sure that you know exactly which company your insurer is as many policies are sold through third-party administrators.
- If there is an application to fill out either online or on paper, do it yourself to make sure that it is correct. Read all the details to make sure that you're actually getting what you think you're paying for and that there are no surprises.
- Be honest on your application and make sure that you disclose everything about your medical health and records. Should an omission be discovered at a later date, your policy can be cancelled. If the mistake is not found until after your death, the insurer will refuse to honor the claim.
- When the application process is complete, be on the lookout for a copy of the policy and a policy summary. Check and double check it to make sure that you understand it and that it is complete.
Tune in tomorrow for the last of our 10 tips!
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