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Old 02-07-2017, 09:45 AM
 
4,786 posts, read 6,865,361 times
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We just got a letter in the mail from Globe Life about their kids' life insurance policy. I've read reviews and decided not to go with them, but it got me to thinking....

A recent death in the family drove home the need for plenty of burial insurance. Hubby has life insurance on himself which should take care of his funeral expenses, but there is none on me or the kids (20s). What would be the best and cheapest way to get that? Good companies? Any personal experiences? Etc.

I won't personally need much....unless I die in an accident, I'm planning on getting a pine box from Angola (if it's good enough for Ruth Graham it's good enough for me, lol) and just having a graveside service (well, that's what I've told my hubby to do anyway, whether he'll actually do it is debatable). But for the kids (shudder to think about it) it would be better to have one less worry if something should happen to them....and neither is in a position to get burial insurance for themselves at this point.
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Old 02-07-2017, 11:35 AM
 
Location: The Triad (NC)
29,704 posts, read 64,651,019 times
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Quote:
Originally Posted by Luvvarkansas View Post
Best way to pay for funerals?
Like every other known event... in CASH and on your terms.
Quote:
Hubby has life insurance on himself which should take care of his funeral expenses...
You don't know? Fix that.

Visit your preferred funeral director and talk about things.
Be sure and then you'll also know how much to budget for yours.

And once you do know what YOU want and the costs... put it all down in writing.
Include that in your will as well.
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Old 02-07-2017, 11:48 AM
 
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Fewer and fewer people are planning on funerals. Cremation and a remembrance occasion are becoming much more frequent. Personally my wife and I plan to avoid all costs by donating our bodies to the local medical school. The school will handle the final cremation costs.
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Old 02-07-2017, 11:54 AM
 
Location: Central Mexico and Central Florida
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I have known families that have used the Neptune Society for cremation...they even operate in many overseas locations.
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Old 02-07-2017, 12:01 PM
 
Location: equator
4,435 posts, read 1,918,060 times
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Quote:
Originally Posted by dothetwist View Post
I have known families that have used the Neptune Society for cremation...they even operate in many overseas locations.

I just looked at their website as I initially thought it was burial at sea!
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Old 02-07-2017, 12:24 PM
 
Location: Los Angeles area
14,017 posts, read 18,167,792 times
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Quote:
Originally Posted by Sand&Salt View Post
I just looked at their website as I initially thought it was burial at sea!
It can be having the ashes scattered at sea if one chooses that option, or one can opt to designate a person who will receive the ashes.
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Old 02-07-2017, 12:27 PM
 
Location: Los Angeles area
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What happened to the old idea of having an emergency fund? Is that idea already outmoded? Since the timing of most funerals cannot be predicted in advance, one can just write a check for the expenses from one's emergency fund, the same as one would do for a new water heater or a major car repair or similar.
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Old 02-07-2017, 12:35 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
23,796 posts, read 41,447,473 times
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Pay cash, use the cookie jar.

funerals / burial do not have to be expensive. Several options <$1000, including direct burial (within state and local regulations)

funerals.coop

http://legacyfunerals.com/burial-methods.html
After Death: 8 Burial Alternatives That Are Going Mainstream
Funeral Alternatives of Washington | Funeral Home & Cremation Service
http://www.naturalend.com/where-to-go/
https://en.wikipedia.org/wiki/Natural_burial

I hauled my parent 2500 miles, rented a backhoe, did a flag ceremony, and blew TAPS on the deceased' own bugle.
It was very nice.
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Old 02-07-2017, 12:53 PM
 
Location: Northern panhandle WV
3,007 posts, read 2,284,552 times
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There is always the national cemeteries if either of you is a Veteran, you will need your dd214 showing honorable discharge. It gives you the gravesite for both of you, the internment. and perpetual care and a headstone or marker depending on the cemetery you choose. It does not provide the casket or transportation.
As for life insurance I have had a policy on my husband and one of my sons for many years with Ameritas Life. it is a Universal policy.
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Old 02-07-2017, 12:56 PM
 
Location: MMU->ABE->ATL->ASH
9,178 posts, read 17,659,023 times
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Quote:
Originally Posted by Escort Rider View Post
What happened to the old idea of having an emergency fund? Is that idea already outmoded? Since the timing of most funerals cannot be predicted in advance, one can just write a check for the expenses from one's emergency fund, the same as one would do for a new water heater or a major car repair or similar.
One issue is the "Emergency Fund" can become part of the Estate if not setup correctly, It varies by state the order of payments from the Estates, Some states allow some part of the Estate to be used for Funeral Costs, Some Don't,

Most Funeral Home want a living person to sign for the costs, they rarely will allow the estate to sign for it, as they don't know if there is anything in the estate, and where they fall (in Non funeral States) in the allocation of money that are left (if any).
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