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Burial insurance is sometimes referred to as final expense, pre-need or funeral insurance. All are designed to cover the costs of your funeral and other end-of-life expenses.
The policy’s death benefit is then assigned to a funeral provider, who gets paid first, before anything goes to your heirs. Funeral Insurance These pre-need insurance policies are designed ...
In August 1910 the company changed their name to Guardian Life Insurance Company and a month later the first life insurance policy - policy #1 with a face amount of $5,000 - was sold. [ 3 ] In January 1920, "National" added to name in response to Germania Life Insurance Company becoming " The Guardian Life Insurance Company of America " in 1918.
Final expense life insurance, sometimes referred to as guaranteed issue, guaranteed acceptance, funeral or burial insurance, is a type of whole life insurance designed to cover end-of-life ...
Pre-need life insurance policies are limited-premium whole life policies that are usually purchased by older applicants, though they are available to everyone. This type of insurance is designed to cover specific funeral expenses that the applicant has designated in a contract with a funeral home .
Assurant, Inc. is a global provider of risk management products and services [3] with headquarters in Atlanta. [2] Its businesses provide a diverse set of specialty, niche-market insurance products in the property, casualty, extended device protection, and preneed insurance sectors.
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