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The Access Insurance team of professionals strives to provide our clients with up-to-date information regarding trends in the industry and other useful information that may be helpful to our clients.

Insurance Resources: Insurance Facts

Access Insurance offers the following information to you as a guideline to help you determine the choices which may be appropriate to your situation.


Estimating how much of your life insurance benefit will go to cover funeral expenses
The estimated cost of a funeral and all related expenses will vary with each individual. However, many funeral homes recommend that you plan for your survivors to spend a minimum of between $6,000 and $8,000 for services. Remember that these figures may be considered the minimum. Many funeral services today have a total cost of well over $12,000. And while modesty and thrift may prompt you to request the smallest possible service for yourself, the ultimate decision lies with your survivors. You owe it to them to take their wishes into account when allowing for funeral costs in your life insurance calculations.

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Estimating how much of your life insurance benefit will go to cover education expenses
The average cost for tuition and room and board for a four-year bachelor degree at a United States university is about $32,000. University tuition costs have increased dramatically over the past few years, and are likely to increase at a much greater rate by the time your children are ready to begin their post-secondary education.

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What your beneficiaries should know to make a claim
To make a claim under this life insurance plan, your beneficiaries will need to know the number of your Policy or Certificate of Insurance, and how to contact . We will help them with the rest of the claim process. (This information can be found on your Policy or Certificate of Insurance, along with other helpful facts such as the names of the beneficiaries and the amount of the benefit.) Claim forms will have to be completed and other information including Proof of Death will need to be forwarded to the insurer. There are many ways to choose to have the benefit paid. If you feel that your beneficiaries may need assistance with financial planning, Access Insurance can help with your financial planning to advise you on investments and assist them in achieving their financial goals and objectives.

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