A funeral is an essential expenditure, and a little planning will eliminate the uncertainty of costs and payment. If you don't Here are some options for financing funerals.Stanleys Options for Financing Pre-payment of Funerals and Cremations
plan for funeral expenses, you run the risk of your family having to ask friends and relatives to share an unexpected financial burden,
which can put everyone in an embarrassing and uncomfortable position. And if you borrow money, it has to be repaid.
Burial Insurance or Final Expense Insurance
Preneed plans are designed to cover the expenses associated with your death, funeral and or memorials costs. Whether you choose
earth burial or cremation, Our Preneed Insurance Company, American Century Life Insurance specializes in final expense and burial insurance.
We offer several No Interest payment options to give you flexibility. Our life policies and annuities have low premium rates
with payments available in Single Payments, Three Year Premium Payout, Five Year Premium Payout, Ten Year Premium Payout and
Whole Life Premium Payout. Our minimum underwriting guidelines allow the agent to complete the application in your home or place
of business. No Doctor examinations required. We can issue policies for ages 0 - 85 and for amounts from $1,000.00 to $25,000.00.
Life Insurance
A traditional life insurance policy can meet several needs--pay off loans, fund education costs, and provide for living expenses, as well
as funeral expenses. If you have enough coverage in your current policy, you may choose to assign the proceeds to Stanleys or
payment at the time of that individuals death.
Bank or Funeral Trust
A funeral trust is similar to a savings plan. The earnings on funeral bank trust funds are TAXABLE INCOME every year to You
or by the trust itself. Most of our competitors use this type of funding vehicle. This is exactly why we suggest using one of the policy options
from American Century Life for your final expense funding.
For more information, call (918) 251-6464 or email us John Hoopert, Funeral Director, Certified Pre-Planner