4 things to know while buying burial insurance

4 things to know while buying burial insurance

Burial insurance, also called final expense insurance, is a type of life insurance policy that covers final expenses, including burial and funeral costs. Major advantages of this policy are that premiums do not increase and death benefits do not diminish after securing the policy or reaching a certain age. A burial insurance plan can be comforting for those worried about funeral costs. Here are a few other things to know before buying burial insurance:

1. Cost
Burial insurance is much more affordable than regular life insurance policies. To put things in perspective, for coverage of $10,000 (average cost of funeral being $7,000–$8,000), the monthly premium can be anywhere between $50–$200, which is much lower than other policies. Further, the premium amount is unlikely to increase at any point in time, making it a stable financial cover even if the income reduces after retirement.

2. Age determines the premium cost
The policyholder’s age is among the main factors influencing the premium amount. So, it is better to buy the policy at an early age to avoid paying a high premium amount.

3. Types of burial insurance
It is important to choose the right type of policy based on individual needs. Burial insurance is broadly classified into the following three types:

Simplified issue burial insurance: Here, insurers evaluate the policyholder’s health status based on his/her health history. Sometimes, the policy may be denied due to certain pre-existing health conditions or risky activities.

Guaranteed issue burial insurance: In this type of policy, insurers cannot deny coverage to individuals even if they are dealing with health conditions.

Pre-need insurance: These policies are offered by funeral homes, so one may approach a funeral home where they would like to have their last rites performed and contract with the home for the services one would like to avail of. The funeral director then sends one a pre-need insurance plan.

4. Insurers may allow borrowing against the policy
Burial insurance plans allow policyholders to borrow against the tax-deferred dividend amount of their burial insurance policy. This allows one to have an easily accessible line of credit during emergencies.

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6 errors that affect the operation of a power plant

The operation of a power station is a complex task that requires experience, precision, and knowledge. These places are designed to produce electricity and distribute power to a huge population for residential, industrial, and institutional usage. However, operating power stations involves significant risks and challenges that can affect their efficiency, safety, and reliability. It is, therefore, crucial to be aware of the possible errors when operating a power station and devise strategies to avoid them. Neglecting safety protocols Overlooking safety procedures and protocols is perhaps the most critical error that can be made when operating a power station. These places have a high hazard risk with the need for strict safety requirements that are in place to avoid accidents and injuries. Safety practices can include simple acts like wearing the proper gear, avoiding shortcuts, and ensuring the plant is ventilated. When operating a power plant, it is equally important to be trained in hazard identification, first aid, and emergency response procedures. Skipping maintenance Power stations are complex setups that need to undergo regular maintenance for proper functioning. This includes cleaning, replacing, and lubricating machine parts. In addition to that, undergoing regular inspections ensures that the power station can take care of potential problems in a timely manner. This includes the inspection and maintenance of turbines, boilers, and generators. The failure to do so can result in a power outage, system failure, and damage to the system. Ignoring environmental standards One of the common errors that can be made when operating a power station is by ignoring environmental standards and regulations. Power plants significantly contribute to pollution levels, thereby impacting public health and the environment. It is, therefore, important that power stations meet all the regulations that have been set by the state and federal authorities along with the local ones. Regulations might include hazardous waste disposal, wastewater discharge limits, and emission limits. It is the duty of the plant operator to implement measures that help reduce their environmental footprint. Underestimating teamwork Underestimating the power of communication and teamwork is another area where errors can be made when operating a power station. Successfully running a power station requires the combined efforts of trained engineers, professionals, operators, technicians, and managers. To ensure everyone is working in synchronization, it is important to maintain communication. Encouraging teamwork and ensuring everyone is aware of their roles is the sure way to start building a well-oiled teamed. Ignoring cybersecurity Since power plants are vulnerable to cyber attacks, they stand the risk of their security, safety, and reliability being compromised. Cyberattacks on a power plant can include risks like hacking the plant’s computer system, stealing confidential information, and more. To prevent such malicious incidents, robust power plant cybersecurity measures need to be implemented. Antivirus software, firewalls, and data encryption need to be taken care of. In addition, make sure regular cybersecurity training and vulnerability assessment are a part of the employee training process. Neglecting energy efficiency Energy efficiency is a critical factor in the operation of a power plant since it consumes a huge amount of resources and energy. Measures to ensure energy efficiency include optimizing processes, advanced control systems, and implementation of energy-saving technology. Opportunities to reduce wastage can be identified by consistently monitoring the station’s energy consumption patterns.

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Top 3 things to not do at a funeral

Dealing with a loved one's death can be very difficult to come to terms with. This is why funerals can be quite hard for family members and friends of the deceased to attend or host. It is an emotional event for them, and for this and several other reasons, behaving correctly and maintaining decorum during a funeral is imperative. On that note, here is a list of the things one should not do at a funeral: 1. Being late When someone comes to a funeral, they do so out of respect for the person who has passed away and their family. Therefore, showing up late at a funeral can be seen as disrespecting the deceased and their loved ones. Ideally, one must show up at least 15 minutes before the ceremony's scheduled start time. The time gap leaves space for people to sit comfortably before the family can walk down the aisle. If one cannot avoid being late, they can at least enter the event discreetly and sit on one of the side pews. 2. Laughing This, again, is a strict no-no. Sometimes, individuals cannot help but laugh on the most inappropriate occasions. Maybe they laugh as a coping mechanism; however, it is rude and highly inappropriate at a funeral or memorial service, except if someone makes an appropriately funny remark during speeches or eulogies. If someone feels they need to laugh, they must step out of the event and compose themselves. In addition to laughing, one should avoid talking loudly, yawning, or moving around excessively. 3. Dressing inappropriately Funerals are somber affairs, and the dress code people follow reflects the overall mood of the event. Generally, people wear black or gray to funerals. Dressing in loud-colored apparel is a strict no-no. Avoid wearing loud colors and over-the-top outfits. People must try to match an occasion's seriousness and gravitas with what they wear. Doing so is seen as a sign of respect for the deceased and their loved ones. 

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