Top 10: Frequently Asked Questions (FAQs)

1. What is pre-need insurance?

Pre-need insurance is a type of policy that allows a person to arrange and pay for their funeral services before their death. The policy benefits are specifically for covering the cost of the funeral and other related services.

2. Why should I consider pre-need insurance?

Pre-need insurance allows you to relieve your loved ones of the financial and emotional burden of planning a funeral during a time of grief. It also ensures that your wishes are met and that the funds are designated specifically for your funeral expenses.

3. Can my pre-need insurance policy be transferred to another location?

Yes, the policy itself is transferable and can be used in any city, state, or funeral home. However, the pre-need contract specifying the goods and services is non-transferable.

4. What does a pre-need insurance contract consist of?

A pre-need contract consists of two parts: Goods and Services and the Application. Both are submitted to Security National.

5. What happens if I can't answer "NO" to all health questions?

Depending on your answers, you may qualify for a full benefit, limited benefit, or annuity. If you cannot answer "NO" to health Question 1 on the pre-need application, then you only qualify for an annuity.

6. What is the age range for getting pre-need insurance?

Pre-need insurance through Security National Life Insurance Company is available for individuals aged 18 to 85.

7. What payment options are available?

There are four payment options available: 3 Year Pay, 5 Year Pay, 8 Year Pay, and 10 Year Pay. The Dollar for Dollar Product also offers a 1 Pay Plan.

8. What happens if the policyholder passes away before the policy is fully paid?

This depends on the type of policy and the terms agreed upon at the time of purchase. Certain policies may pay the full death benefit while others may return the amount paid in premiums plus an additional percentage.

9. Can pre-need insurance cover my pets?

Yes, pet protection will reimburse up to the lesser of premiums paid or $150 under the Family & Pet Protection Benefit.

10. Can I pay off my policy early?

Yes, with the Early Payoff Option (EPO), you can pay off your multi-pay policy early. The payoff amount equals the face amount if done within the deadline.