This product is underwritten by Great Western Insurance Company, a Wellabe company.
Our mission at Wellabe is to ensure you and your family are well prepared, well protected, and well loved. Our Preneed Funeral insurance plans help prepare you for tomorrow so you can live better today. Advance funeral planning allows you to do more, worry less, and make every day better.
You usually don’t grasp how expensive and overwhelming it can be to plan a funeral until you lose a loved one. That’s when you face questions like, “What were my loved one’s wishes?” and “How am I going to pay the funeral expenses?”
We’re here to help you answer those questions, not only to minimize tough decisions for your family but also to alleviate their financial burden.
Wellabe’s Preneed plans not only help you fund a funeral, but they also help you make your final wishes known. You tell your story the way you want and take care of expenses for the ones you leave behind.
Preneed Funeral insurance funds a funeral service agreement between you and a specific funeral home. You decide every element you want included in your funeral service, which includes everything from the casket to flowers to transportation for the family. The funeral home director totals the costs, and that amount is the basis for your Preneed insurance plan.
Preplanning a funeral allows you time to understand the process and make clear choices that are right for you and your loved ones. You can decide if you want a burial or cremation, select a casket or urn, and even prearrange incidentals at the ceremony. You can either pay the amount in one installment or through monthly premiums. Upon death, the funds are used to pay the funeral home for your funeral.
Best of all, advance funeral planning makes the entire process easier for your family. Your wishes are spelled out clearly, so it eliminates all the guesswork. They won’t need to wonder what kind of service you wanted or whether you desired a burial vs. cremation. Every detail will be outlined in advance, so they won’t be overwhelmed with choices while grieving.
Wellabe’s Preneed insurance plans are specifically designed to keep pace with an ever-changing funeral market. Your premiums will never be increased, and your policy will never be discontinued as long as the premiums are paid on time. Your health may dictate which plan you qualify for, but you won’t be denied a policy based upon poor health.
Wellabe plans give you the ability to pay a single premium or divide payments among three, five, or 10 years. We also offer a plan for those who know death is imminent.
Plans can be for funeral amounts as low as $500 or up to $24,999. Amounts $25,000 or greater must be pre-approved. Our Preneed plans have simple and compound growth rates, depending on the type of plan you choose.
Our plans also offer optional add-ons, called riders, including one that gives you the ability to provide a benefit for a grandchild’s passing.
Kelly Rayburn, AVP national sales and distribution at Wellabe, and Olga Villaverde, from Lifetime TV’s The Balancing Act, explain the importance of preplanning your funeral. While a difficult subject, advance planning can alleviate financial and emotional burdens for your family members.
More topics at thebalancingact.com
Preneed Funeral insurance is a type of permanent life insurance that only covers your funeral expenses. You attend a preplanning appointment with your funeral home director, where you choose every feature you want included in your funeral service. The funeral home director totals the costs, and that amount is the basis for your Preneed Funeral insurance plan. Upon death, the funds are used to pay for your funeral.
If you’ve started estate planning and preparing your end-of-life plans, you’ll need to know one key fact: how much an average funeral costs. Among other things, it will help you determine whether you need to purchase insurance to cover your funeral costs. Prices vary significantly by state and by funeral details you choose. To get started, download our free funeral planning guide to list your wishes, and then visit our funeral expenses calculator to compare the costs between burial and cremation and adjust figures to better fit your location.
Cash surrender value is the actual amount of money you will receive if you choose to terminate a permanent life insurance policy before its maturity date or death.
Yes, but unless you have authority to act on their behalf (e.g. POA, conservatorship, etc.), the other person will need to participate in advance planning, approve it, and sign the funeral insurance coverage.
Yes. Whether you’re preplanning your own military funeral or making arrangements for a veteran who has passed, your funeral home director can coordinate the U.S. government benefits that are available to you and your personal wishes.
Call 800-995-9010 or click below to connect with a funeral home partner near you who provides Wellabe's Preneed Funeral insurance.
50-01-00007 US
10-24
