GoFundMe Isn’t Going To Cover To Your Funeral, But We Can If You Start Here

Crowdfunding campaigns are designed for just about everything these days and, in more recent years, campaigns have become popular among families and friends seeking emergency funds to cover burial and funeral costs for a loved one who has died.

But is crowdfunding the best way to pay for a funeral? At Tomlinson Insurance, we certainly don’t think so. We don’t think anyone should be lulled into thinking family and friends will be able to scrape together enough cash through donations after you’re gone. We believe loved ones should be allowed to grieve your passing without the added stress of funding your funeral.

3 Advantages of Having Life Insurance

Here are three reasons why life insurance is essential if you don’t want to leave the future of you and your loved ones to chance:

#1 Tax-Free Income for Your Loved Ones

Known as “Life Insurance Death Benefit”—when you pass away, your life insurance provides income (tax-free) to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes, or virtually any financial need. 

#2 Prevents Your Business Being Forced to Liquidate

Your policy can help provide security for your business as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

#3 You Can Benefit While You’re Still Here!

Many life insurance options also offer other benefits and investment opportunities that you can take advantage of while you are living! Called “Living Benefits”—loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

GoFundMe and other crowdfunding platforms are great to fund passion projects like making video games, filming movies, publishing a book, or even paying for trips to Disney World! But we strongly recommend you have the right life insurance to help you fulfill promises you’ve made your family when you are gone. 

OK, So What Are the Different Types of Life Insurance? Which One Is Right For Me?

Good question! Tomlinson Insurance can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available—the most common include:

  1. Term Life Insurance

    Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It’s generally less expensive than permanent (whole) life insurance and is available in varying time periods with fixed premiums from a one year (annual renewable term) to 40-year (level term) period.

    Term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

  1. Whole Life Insurance

    Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.
  1. Universal Life Insurance

    Universal life is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically but is usually guaranteed not to fall below a certain percentage.

The right life insurance coverage for each and every one of our customers in Ohio is unique and depends on personal and financial needs. Talk with the Tomlinson Insurance team today to find out how to protect your family and your future with the right life insurance.

Request Your Proposal Here

Are you ready to save time, aggravation, and money? The team at Tomlinson Insurance is here and ready to make the process as painless as possible. We look forward to meeting you!