All Posts By Celso Neves

Funeral Assistance for COVID-19 Victims – As Seen on TV

FEMA is providing financial assistance for COVID-19 related funeral expenses incurred after January 20, 2020. Applications begun on April 12, 2021. Fraud Alert: FEMA has received reports of scammers reaching out to people offering to register them for funeral assistance. FEMA has not sent any such notifications and they do not contact people before they register for assistance.…
Read More

Why Funerals are so Expensive?

In this post from Timothy L Thorman, former Funeral Director (1984-2012), he outlines the expenses of a funeral home and made a very interesting analogy: “Funerals may involve the same kind of planning as weddings, but with just a few days to execute”. While some people may take months to plan for a wedding, most…
Read More

State Shuts Down Funeral Home – What about your pre-paid funeral expenses?

I stumbled upon the post State Shuts Down Detroit Funeral Home for Deplorable Conditions, the post also mentioned that the funeral home did not renew its business license and failed to deposit $21,000 regarding 13 preneed contracts (pre-paid contracts), which is a felony punishable by a $5,000 fine and up to 5 years in prison…
Read More

Royal Neighbors Life Insurance – Disclosures

230 16th Street Rock Island, Illinois 61201 (800) 627-4762 royalneighbors.org Founded in 1895 AM Best Financial Strength Rating: A Assets: more than $1.1 billion Royal Neighbors Non-Medical Life Insurance Policies Permanent Life Insurance Simplified Issue Whole Life Insurance Download Brochure Disclosure-Accelerated Gross Death Benefit Disclosure Disclosure-Replacement – 1856-NAIC Disclosure-Buyers Guide – 73-N Level benefit plan:…
Read More

2021 Reviews: Colonial Penn $9.95 per unit – As seen on TV

399 Market Street Philadelphia, PA 19106 Toll-Free: (800) 523-9100 colonialpenn.com Founded in 1968 AM Best Financial Strength Rating: A- $9.95 for Final Expense Insurance might not be what you think it is, but if you are looking for the lowest cost you are in the right place. We talk to many seniors every day, and…
Read More

2021 Reviews: Colonial Penn $9.95 per unit – As seen on TV

399 Market Street Philadelphia, PA 19106 Toll-Free: (800) 523-9100 colonialpenn.com Founded in 1968 AM Best Financial Strength Rating: A- $9.95 for Final Expense Insurance might not be what you think it is, but if you are looking for the lowest cost you are in the right place. We talk to many seniors every day, and…
Read More

American Amicable Life Insurance – Disclosures

425 Austin Avenue Waco, Texas 76701 Toll-Free: 800-736-7311 www.americanamicable.com Founded in 1909 AM Best Financial Strength Rating: A Assets: more than $109.5 billion American Amicable Non-Medical Life Insurance Policies Senior Choice Whole Life Insurance Brochure Senior Choice Whole-Life Disclosure-Final-Expense-Application Disclosure-HIPAA-Authorization Disclosure-Replacement Disclosure-Terminal-Illness-Accelerated-Benefit Approval: 95% odds of approval for first day coverage through the phone application…
Read More

2021 Reviews: Globe Life Insurance Company – As Seen on TV

3700 S Stonebridge Dr. McKinney, TX 75070 globelifeinsurance.com (800) 742-6787 GlobeWebMgmt@Globelifeins.com Financial strength: AM Best rating A Globe Life Non-Medical Policies: Renewable Term to 90 is offered as $1 buys $50,000 on their website. Be aware that this policy is a minefield. It is referred as a final expense or funeral insurance alternative, but it…
Read More

2021 Reviews: Globe Life Insurance Company – As Seen on TV and Mailer

3700 S Stonebridge Dr McKinney, TX 75070 globelifeinsurance.com (800) 742-6787 GlobeWebMgmt@Globelifeins.com Financial strength: AM Best rating A Globe Life Non-Medical Policies: Renewable Term to 90 is offered as $1 buys $50,000 on their website. Be aware that this policy is a minefield. It is referred as a final expense or funeral insurance alternative, but it…
Read More

How to be Reimbursed by the Estate* for Funeral Expenses

(*) The reimbursement is by the estate of the deceased, not the state where you live. Ideally, you would have a final expense life insurance, which is designed to pay for funeral and burial or cremation expenses and hence has expedited claim processing. Unfortunately, this is not a rule and in many cases family members…
Read More