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Pre-funding funerals is a growing trend in America because of the peace of mind that comes from having one's affairs in order. Funding those arrangements with insurance coverage or a trust are the two ways we handle pre-funding. Handling pre-funding in either way, in advance of need, is available at your convenience.
PREFUNDING ADVANTAGES
USING LIFE INSURANCE
Increasing death benefits and superior financial protection
Homesteaders Life Company provides insurance, financial products, and related services to the funeral industry, emphasizing the integration of advance funeral planning as an extension of funeral service.
Homesteaders' business philosophy is to assure a business culture and financial philosophy that will provide long-term security for our policyowners, customers, and employees.
Security of funds is Homesteaders' greatest concern - a concern shared by their funeral home partners and policyholders. In addition to providing superior customer service and support, it is imperative that funeral funds are available at the time of need. How they invest - the quality and diversification of their investments - is the reason funeral homes have confidence in offering Homesteaders insurance funding products to families wishing to prearrange.
Premium dollars are invested in high-quality, well-diversified bonds. Homesteaders' investments are of high quality, averaging AA- as rated by Standard & Poor's. The vast majority of the portfolio is rated A or above. Our investment philosophy is key to your assurance that your advance funeral funding will be there when your family needs it.
Tax free value, tax free death benefits
Our plan provides life insurance benefits that are exempt from federal income tax when paid to a named beneficiary. Neither the increasing value of the coverage nor the total benefits paid at the time of death are federal income taxable.
Who qualifies?
Individuals between the ages of 0 and 99 may apply. No medical examination is required for the life insurance, just a simple questionnaire that is completed after advance funeral plans have been made.
How is pre-funding done?
Our Funeral Home staff member will meet with you at a time that is convenient, and assist you in recording your wishes. You choose everything you want for your funeral: the type of funeral service, casket, burial vault or urn and music. Important obituary information will be recorded. Once you have made your selections, you will learn the payment options available to you. A record of your selections will be kept on file at the Funeral Home until needed.
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