Does Life Insurance Cover Funeral Expenses?

Life insurance will cover a funeral, but "funeral insurance" is not one specific type of policy. There are actually a number of ways to get covered in Ball Ground, GA:

  • Naming a funeral director as beneficiary. A funeral director can be named as a beneficiary on a policy or as sole beneficiary of a smaller policy. This will allow for the insurance to go directly to covering funeral expenses.
  • Making arrangements with a family member. When laying out who will receive what in a life insurance policy, many will choose to enlist a family member to plan the funeral, with the understanding that the extra money they are receiving through the policy is expressly for that purpose. It is important to select a trusted family member for this option. Final arrangements can be difficult to enforce given that the policy holder has passed on.
  • Pre-need contracts. It is possible to sign a contract with a funeral home so that the final expenses, including burial plot, casket, and other funeral expenses are pre-arranged. In this instance it will be to the beneficiaries to pay these expenses from the policy when the time comes.

There are a number of options for paying for a funeral with a life insurance policy, and it ultimately comes down to the arrangements that the policy holder is comfortable making with their insurer, funeral director and family.

If you’d like to learn more and arrange a plan that works for you, get in touch with The Sanford Group. We can help to arrange the right plan to provide you with the peace of mind you want when buying life insurance.

How Commercial Insurance Can Protect Your Assets

Commercial insurance safeguards your business from major financial losses. Whether you own a building or lease office space, commercial coverage protects your physical assets. This can give you peace of mind in case the unexpected happens. It also protects your personal assets by covering circumstances outside your control.

Commercial insurance plans vary depending on your industry and where you live. However, insurance companies categorize coverage by the asset or event covered, so it’s relatively easy to find the coverage you need for your Ball Ground, GA business. However, agents at The Sanford Group can help you find the best policy for your situation.

Kinds of Items and Events Covered

Commercial insurance protects the future of your business. Basic policies cove losses from fires to explosions, as well as theft and vandalism. Depending on the risks in your area, different events may appear in your policy, including:

  • Building
  • Signage
  • Inventory
  • Furniture and equipment
  • Landscaping
  • Other assets

The exact items covered depend on your concerns and major risks to your business. For example, you can cover a fleet of company cars and get coverage to pay for unintentional damage to customer’s homes.

When you shop around for commercial insurance, keep the unique need of your business in mind. Before you call your insurance agent, make a list of everything you want to be insured. That is helpful when you come in to get a quote.

Call the Sanford Group with your questions on commercial insurance. Feel free to set up an appointment for a free quote or to sign up for a commercial insurance policy. You worked hard to get your Ball Ground, GA business off the ground and you show up every day to keep things running smoothly, let us help you protect your life’s works.