To avoid leaving their loved ones with an unwanted burden, many people today choose to plan and pay for their funerals in advance. By pre-planning, individuals can be assured that their last wishes are carried out, thereby removing the guesswork for surviving family members.And, by pre-paying, individuals can also be assured that the financial burden of paying for their final expenses does not fall on loved ones.

The pre-need industry offers several products to help people pay for funeral arrangements before death-notably, final expense insurance, pre-need insurance, and pre-need trusts. In this course, you will learn about the unique characteristics of each of these products and why they are particularly well suited for individuals whose estates would be significantly burdened by the cost of a funeral.

Upon completion of this course, you should be able to:

• explain why it is important to make plans and pay for funeral expenses in advance
• describe the different final arrangement options and choices that individuals may choose and make when pre-planning their funerals ,
• explain the advantages and disadvantages of using final expense insurance
• describe the features of pre-need plans that are funded by life insurance
• understand how trust-funded pre-need plans can be used to pay for funerals in advance
• describe the requirements of the Funeral Rule
• explain the pre-need professional's role and ethical duties when working with clients

Licensed life and health insurance producers, licensed pre-need brokers, funeral directors, financial advisors and planners