Preneed
Let Preneed Insurance Assist with Funeral Arrangements
Take the added stress of making funeral arrangements from your loved ones by planning ahead. Preneed insurance allows you to work with a funeral home to make these important decisions ahead of time and cover the costs associated with a funeral.
How do I plan my funeral arrangements?
With ELCO Mutuals Preneed insurance, you'll work directly with a funeral home to make decisions about your funeral before your death. This means you still get to choose the funeral home of your choice and work with a funeral home director who knows you, your family, and your final wishes.
A single premium means this policy’s death benefit helps fund your funeral. The policy can be assigned to your funeral home, which will then own the rights and receive the death benefit as payment to cover your funeral expenses.
Who Is Eligible for a Preneed Insurance Policy?
Eligibility for preneed policies varies depending on the payment option you select.
Guaranteed Issue Single Pay:
This policy can be issued to individuals up to age 95 and requires no underwriting.
Multi-Pay:
The ages at which this type of policy can be issued are dependent upon the number of years over which payments will be spread.
- 3-pay: age 90
- 5-pay: age 85
- 7-pay: age 80
- 10-pay: age 80
This product also requires you to answer two basic health questions to qualify.
How do I plan my funeral arrangements?
Why Choose Preneed Insurance?
When it comes time to funeral planning, waiting until someone passes means making decisions on the fly and wondering if you’re making the right choices. It can be overwhelming when your family is already grieving. With preneed insurance, you and your family can take time to consider your final wishes and ensure those are honored when the time comes. Whether burial or cremation, casket or urn, the choices are all yours. You can even make funeral arrangements that speak to who you are and capture your life the way you wish it to be remembered.
