Is the Benefit of Funeral Insurance Tax Free?

Benefit of Funeral Insurance is Tax Free

Yes, it is true that that the Benefit of Funeral Insurance is Tax Free ,as long as the premiums of the policy were paid from Tax Paid Dollars. Pre-planning takes the extra financial burden from your own loved ones and guess work out of your final wishes.

The planing also takes off the additional stress of making decisions at such a vulnerable time for your loved ones. There are Funeral Funding plan provides the cash needed to meet the unexpected costs of final expenses.You definitely need Funeral Insurance for your final expenses. Funeral Insurance or Final Expenses are a big part of your financial planning and may not be ignored.

Benefits

Guaranteed acceptance:Acceptance is guaranteed if you’re aged between 16 and 79 years – there’s no need for any medical checks.

Flexible cover: Deciding how much cover you need is simply a matter of deciding how much money you want available to cover your funeral.

Full cover after two years:After two years you’re fully covered. If you die of a natural cause within the first two years of your policy, we’ll refund 100% of your Funeral Cover Insurance premium.

Money is paid tax-free:It’s a lump sum payout just like full life insurance. There is no income tax paid on the policy payout so you get all of the amount you are covered for.

A Funeral Payment is intended to help you pay for a funeral if you are on a low income, and you are the person responsible for arranging the funeral.

If you are confused or not sure what to do, let us at CIP help you determine your Funeral Insurance requirements. We will work with you to find which Funeral Insurance plan best meets your needs and budget and since its tax free through tax paid dollars why not go for it. Call now tollfree 18665170606.

Is the Benefit of Funeral Insurance Tax Free?

Seniors | Pension | Final Expense Plans