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How to Get Help With Funeral Costs When Your Loved One Is Terminally Ill | The Global Dispatch

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Funeral costs can be expensive, especially when you take into consideration many of the other costs associated with the various diseases and medical conditions which contribute to death in the first place. This financial strain is exacerbated in situations where you or a family member are terminally ill and facing a chronic illness that takes expensive medical treatments in order to prolong your life, such as cancer or ALS.

In these kinds of situations, every expense related to the disease and funeral can be as challenging to manage financially as they are challenging to deal with emotionally. Read on if you’re interested in learning more about how to get help paying for funeral costs when your loved one is terminally ill.

Find Ways to Access Money Early

Many times, people think that they’ll be able to pay for funeral costs using life insurance payouts, only to go into debt and accrue more interest than they’d expected to. This can make it the death of a terminally ill loved one even more devastating since you were relying on money that will no longer stretch far enough to achieve its intended purpose.

These sorts of situations can become even worse if your loved one has required additional medical care in the hospital or costly in-home hospice care that wasn’t anticipated. One of the best ways to avoid going into debt for these sorts of things involves selling your loved one’s life insurance policy while they are still alive.

Many companies like American Life Fund will provide eligible individuals with viatical settlements that can be a much simpler way to pay for medical expenses or be earmarked for funeral services. In order to qualify for a viatical settlement, you must have an existing life insurance policy as well as a chronic condition or terminal illness.

If you’re not sure whether or not you qualify for a viatical settlement, it’s never a bad idea to reach out to the company to learn more about the factors that contribute to whether or not you qualify for a lump sum payment.

Find Ways to Lower the Overall Cost

Just because you want to honor your loved one doesn’t mean that you need to spend an extravagant amount of money to do so. There’s a wide range of ways to lower the overall cost of your family member or friend’s funeral, starting with the way in which their body is prepared. For example, cremation services from a company like Heritage Cremation Provider are often a fraction of the cost of casket-based burials.

Cremations are able to accommodate a wide variety of religious and spiritual beliefs in a way that other burials do not. If you don’t want to spend a large portion of money on burial plots, grave markers, and a fancy coffin, do yourself and your wallet a favor and consider cremation as an alternative way to honor your loved one without going into debt to do so.

A diagnosis of a terminal illness can put a damper on a lot of things, but that doesn’t mean that you can’t use the newfound information to set yourself up for success. Being able to properly prepare for a funeral and the costs associated with it and illness can help you get your financial ducks in a row so that you aren’t economically devastated by a funeral.

By considering less expensive funeral service options like cremation and finding a business like American Life Fund to buy your life insurance policy, it’s possible to emerge for the ordeal unscathed financially. Keep the above tips and ideas in mind as you talk over these hard topics with the other members of your family.

Author: Rupert Singh

How to help prospects see the value of life insurance

 

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Elizabeth Warren presses Bloomberg over NDAs, reports of comments to female employees at Democratic debate

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CHARLESTON, S.C. — Democratic presidential candidate Elizabeth Warren is slamming rival Mike Bloomberg over a news report that he told a female employee to “kill it” when she became pregnant. The former New York City mayor denies it.

Invoking her own personal story of discrimination on the job after she became pregnant, Warren escalated her push to get Bloomberg to release all former employees from nondisclosure agreements they signed while working at his media company. The two Democratic presidential hopefuls are tangling on Tuesday night at a pivotal debate in South Carolina, which holds its primary on Saturday.

Bloomberg is denying that he made the incendiary remark to a former female employee: “Never said it, period.”

He is also apologizing for off-color remarks he is reported to have made to female employees, but he has declined to address Warren’s call that he issue a more blanket release from nondisclosure agreements than the three women he has recently released.

Copyright © 2020 by The Associated Press. All Rights Reserved.



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Local financial aid expert shares tips on bringing down the cost of college

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DENVER (KDVR) –  How to pay for college is a stressful topic for many parents. Kelly O’Connor, who founded College Money Academy, has three tips:

  1. Disregard the university’s cost of attendance. You will likely not pay that price and should not make decisions about where to apply based on that number.
  2. Sometimes the first financial aid offer made by the school is not the best offer they can make. You can research the average financial aid award at each university at collegedata.com.
  3. Families can appeal the financial aid offer and ask the school to reconsider awarding more grant money.

O’Connor says this system doesn’t work for every person or every school, but he says clients see an average of $12,000 in additional grant money when they follow this system.

“It comes down to having options. You don’t just go after one school and hope that it works,” he said. 

O’Connor suggests applying to six to 10 schools, and appealing if you know you are a good fit, and received less than an average award.

So, what do admissions officials say about this advice? University of Denver Associate Vice Chancellor for Enrollment and Director of Financial Aid John Gudvangen says he agrees in part.  He does not want families to get caught up on the sticker price. 

“If a family is only looking at the sticker price, they don’t actually know what it will cost them,” he said.

Tuition at DU is more than $50,000 a year. But Gudvangen says more than 80 percent of students receive grant aid, and the average award is more than $30,000. 

He suggests families use a school’s net price calculator or quick college cost estimator to get a sense of a financial award.

He says families are welcome to appeal a financial aid offer if there is new information or something needs to be reviewed, but he says DU makes the best offer they can for students from the start. Some grants are awarded for merit, others for need.

“We go out with our best offer,” Gudvangen said. “We’re not trying to make this a difficult process or play a game with people.”

O’Connor is offering a live webinar on his website on Saturday, Feb. 29 at noon.

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Catholic memorial leaves no doubt in boys basketball win over Newton South

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WEST ROXBURY — Catholic Memorial coach Denis Tobin didn’t have a problem pointing out the defensive lapses in a 20-point loss on its home court to Newton South two weeks ago.

But Tuesday night in a Division 1 South first round matchup against those same Lions, Tobin would be hard-pressed to find those same miscues.

No. 11 Newton South wilted under the dogged defensive pressure of sixth-seeded CM and star junior guard Kurtis Henderson poured in a game-high 37 points as the Knights rolled to a 95-62 win at Ronald S. Perry Gymnasium.

“Our defensive intensity,” said Tobin on the biggest difference between the two meetings. “We watched on film and we weren’t getting after it as we were supposed to defensively.”

Henderson set the the tone to set up a rubber match for CM (16-5) with rival BC High in a quarterfinal matchup Friday.

Henderson got off to a torrid start and never cooled off, netting eight straight points early in the first quarter while CM held Newton South (13-8) to just one made field goal in the opening frame to take a 20-4 lead.

Max Aicardi (29 points) tried to will the Lions back by knocking down four of his seven 3-pointers in the second stanza, but CM’s defense overwhelmed the Lions to go on a game-altering 17-3 run bridging the second and third quarters.

CM scored three times off a steal in the final two minutes of the first half and Jack Wirtanen and Henderson each hit a 3-pointer out of the break to take a commanding 50-26 lead 46 seconds into the third quarter.

“Defense starts our offense,” Henderson said. “We just try to get stops, pressure teams and get it done on the defensive end.”

Henderson and CM’s red-hot shooting continued to blow things open in the second half as the Knights connected on 14-of-31 treys and Ta’Quan Williams scored 13 of his 19 points in the fourth quarter.

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