Forethought Life Insurance offers fixed annuities, life insurance products and final expense insurance, explains Forethought. The company also offers Medicare supplemental insurance, variable annuities and long-term care hybrid fixed annuities.
Forethought also offers funeral planning services for its customers. A person can start to plan and fund his own funeral before the need arises, says Forethought. Pre-planning a funeral brings peace of mind to the customer and his families, and it outlines the customer's wishes. Forethought's funeral planning service pays a death benefit that helps to cover the cost of the funeral in accordance with the customer's pre-arranged funeral agreement.
There is a four-step process for a Forethought customer to pre-arrange his funeral. The customer needs to contact a local funeral professional who is a member of the Forethought Funeral Planning Network. From there, the customer needs to set aside funds with an annuity or whole life insurance product from Forethought. When the time comes, the selected funeral home provides all of the merchandise and services designated in the funeral agreement, but it locks in the costs at the time the customer made those arrangements, says Forethought. Forethought pays the proceeds from the insurance policy directly to the funeral home.