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Season 2 Episode 35: Life Insurance or Pre-Planning? What’s Right for You?

communication funeral preplanning life insurance Feb 10, 2025
Honey & Santiago with Guest, Pattie Trujillo

Episode Summary:
In this episode of Thoughtful Planning, hosts Honey and Santiago sit down with Pattie Trujillo, a life insurance agent and pre-planning specialist from Sensible Planning. They discuss the key differences between life insurance and funeral pre-planning policies, debunk common misconceptions, and help listeners understand which option may be best for them. Pattie shares expert insights on the financial and emotional benefits of pre-planning, as well as key considerations for veterans and their families.

Disclaimer:
This episode is for educational purposes only and does not constitute legal, financial, or insurance advice. Always consult with a qualified professional for guidance on your specific situation.

Essential Question:
Should you buy a life insurance policy or a pre-planning policy? What are the key differences between them?

Episode Highlights:

  • Life Insurance vs. Pre-Planning: Understanding the core differences and which one protects your family best.
  • Financial Burden on Loved Ones: How pre-planning locks in today’s prices to prevent future financial stress.
  • Hidden Costs of Funerals: Uncovering unexpected expenses like cemetery plots, honorariums, and transportation.
  • Veteran Benefits: What military families need to know about VA burial benefits and pre-planning options.
  • The Importance of Communication: Why discussing your final wishes with family is crucial to avoiding confusion and extra costs.
  • The Role of Travel Insurance: How a simple policy can save thousands if a loved one passes away while traveling.
  • Changing Your Plans: What happens if your preferences change over time? Is it easy to adjust a pre-planning policy?

Advice from Pattie Trujillo:

  • Don’t Rely Solely on Employer-Provided Life Insurance: Once you retire or leave your job, you lose that policy.
  • Tell Your Family About Your Plans: Keeping funeral and burial arrangements a secret can create stress and financial strain.
  • Consider a Travel Protection Plan: If you travel often, an affordable policy can cover transportation costs in case of death while away from home.
  • Work with a Funeral Home You Trust: Choose one that aligns with your budget and values.

Conclusion:
Planning for the inevitable may not be easy, but taking proactive steps can save your loved ones stress, financial burden, and uncertainty. Whether it’s a life insurance policy, a pre-planning policy, or a combination of both, understanding your options ensures your final wishes are honored.

Connect with Pattie Trujillo:

 

  • Phone: 726-224-4274
  • Address: 1818 S. New Braunfels Ste 204, San Antonio, TX 78210

 

Connect with Thoughtful Planning:

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