Securing Peace of Mind: Purple Cross and Your Family's Financial Future
Since 1948, Purple Cross has been a steadfast ally for families across America, providing financial support for final expenses and offering a range of cost-effective funeral options. As a creation of the Washington State Funeral Director Association, Purple Cross has assisted over 500,000 families in navigating the challenging terrain of funeral planning and financial security. This blog post delves into the invaluable services Purple Cross provides, emphasizing its role in helping families plan for the future.
Affordable Prearrangements: Purple Cross understands that financial constraints should not compromise a dignified farewell. With the option to prepay in a lump sum or through flexible payment plans spanning 2 to 10 years, families can tailor their arrangements to fit their budget. An illustrative example showcases how a 65-year-old male can secure a $5,000.00 benefit with manageable monthly payments. Importantly, Purple Cross ensures that, in the event of death during the payment period, the full benefit is paid to the beneficiary, making it a financially prudent choice.
Generous Insurance Protection: Beyond covering final expenses, Purple Cross provides insurance protection with tax-free increases to the death benefit each year. This added value ensures that beneficiaries receive the full $5,000.00 plus accrued benefits tax-free upon the insured's passing. The liberal underwriting process, involving only three health questions, makes this insurance accessible to almost everyone, promoting inclusivity and peace of mind.
Streamlined Claims Process: In the unfortunate event of a loved one's passing, Purple Cross ensures a swift and efficient claims process. Families inform the funeral home about the Purple Cross plan, and the funeral home facilitates the claim on their behalf. With a quick turnaround time of 24 to 36 hours, beneficiaries receive the death benefit promptly. Purple Cross's customer service is readily available to assist families through the claims process, offering support during difficult times.
Medicaid Assistance and Irrevocable Trusts: Purple Cross recognizes the importance of financial planning in the context of Medicaid assistance. By collaborating with the Department of Social and Health Services (DSHS), Purple Cross assists families in safeguarding funds. An irrevocable assignment of policy ownership renders the cash value of Purple Cross plans as $0, exempting them from Medicaid/SSI resource calculations. Additionally, Purple Cross helps families establish protected irrevocable trust accounts, ensuring funds are shielded from Medicaid and SSI regulations.
Leadership and Expertise: Guiding Purple Cross with over 35 years of experience is David Martin, leading a dedicated staff committed to assisting families in securing their financial future. The wealth of experience within Purple Cross ensures a reliable partner for families navigating the complexities of funeral planning and financial security.
Purple Cross stands as a beacon of financial security, offering families comprehensive support in pre arranging funeral services and navigating Medicaid assistance. With a commitment to affordability, insurance protection, and streamlined processes, Purple Cross is more than a service provider; it's a compassionate partner dedicated to easing the burden during challenging times. Contact Purple Cross today to embark on the journey of securing peace of mind for you and your loved ones.