uitvaartverzekering vergelijken

What to Know About Finding the Right Insurance for Burial Costs (uitvaartverzekering vergelijken)

In contrast to standard life insurance, burial insurance does not matter quite so much as long as you pass away naturally. If you do happen to pass away, the insurance will payout. That is, if you die from natural causes, which is most of the time. However, there are also many final expense insurance products that require no health queries and insure your whole life!

In these circumstances, your whole life insurance policy (uitvaartverzekeringen) simply becomes a waste of money. So, it is imperative that you get a burial insurance issue policy. This way you can get the same protection for your sister as you would have had for yourself. In most cases you do not even have to wait for your sister to pass on before getting the benefit. Just like her, you can get the benefit in place of your family member or perhaps as a beneficiary under your brother's life insurance policy.

This option might make sense only if your sister and her entire family are still members of your family. In such cases, buying burial insurance means giving up all your future benefits for the sake of a single person. The only time you will have to worry about such an issue is when you are near the age of 65 and then only if you and your spouse both have an insurable interest in life insurance.

It is true that many insurance companies do not offer burial insurance policies to individuals with terminal illnesses. In most cases, this comes as a surprise to people as they have never had to deal with it. As a result, you could end up paying thousands of dollars extra for a policy that you will never use. However, there are still certain insurance companies that offer coverage even for people who are terminally ill.

You should look for an insurer that can offer you both life insurance and burial insurance at the same time. Of course, it will be more than possible to find such a facility in your local area. If you want to take this route, make sure you get the names of as many different companies as possible. In general, the larger the number of companies you contact, the better your chances are of finding one that can provide you with great service. Moreover, you can get discounts if you buy multiple policies from a single provider. 

To avoid getting into a life insurance company's tax trap, never pay for coverage. The reason why you have to avoid tax traps is because the tax amount that is deductible from your regular income tax returns will be greater than the tax trap amount that is deducted from the value of your life insurance policy. For example, if your sister is terminally ill and needs to receive coverage before she dies, you may need to pay as much as $5 million in taxes. Of course, you will not be able to pay that amount back, ever. Therefore, never pay for coverage.

You may also want to consider using a policy called whole life insurance. With a whole life insurance policy, upon the death of the policy holder, the proceeds from the policy will be paid directly to the beneficiary or beneficiaries named in the policy. So, if your sister has been paying for a life insurance policy to help with your family's expenses, you may want to consider selling the policy and taking the cash value (testamenten opstellen) of the policy, rather than paying back the premiums. Of course, you'll have to give this careful thought, since it is a decision that you will have to live with for a long time.

Another thing you should keep in mind is that most insurance providers do not offer any type of guaranteed acceptance. This means that, even if they do offer coverage for your burial expenses, you may not be approved for the policy. However, many insurance providers still require that you first agree to accept the coverage if it is offered.