What is Burial Insurance?

Burial Insurance is a whole life insurance policy designed to cover the expenses of ones burial or funeral. It is also called Funeral Insurance, or Final Expense Insurance. These policies are typically between $5,000-$20,000 and often require no medical exam making them an easier option to qualify for. They are made for the purpose of protecting ones family from the financial burden that a funeral can be and almost anyone can qualify for these policies.

People like Burial Insurance for some of the following reasons:

• Typically, no medical exam is required
• Most policies can be done over the home, in the comfort of your home
• Coverage begins as soon as the policy is signed and first payment is made
• Can be for an individual, or a whole family
• Family members can use the money dispursed for anything, not just Burial costs.

Losing a loved one is a difficult and trying experience. While many who have dealt with the loss of a family member or friend expected to experience grieving and sadness, many do not expect to also have to deal with the high costs associated with honoring the memories of a loved one. The costs of a funeral and its associated accommodations can cost thousands of dollars and can place unnecessary stress and financial strain on those who are coping with their loss.

Burial and final expense insurances are forms of basic life insurance that are more affordable and easier to obtain than traditional forms of whole or term life insurance policies. Additionally, final expense insurance will cover those who are beyond the age limits of a traditional life insurance policy, and at a much lower cost than life insurance as well. Seniors up to the age of 85 are eligible to apply for a burial insurance policy and can qualify quite easily if they have no serious medical issues.

Benefits of Burial and Funeral Expense Insurance

These insurances are a great option for those who don’t want to pay huge insurance premiums for life insurance, but who don’t want to leave a large financial burden with their families when they pass. Some of the benefits of final expense insurance include:

• Low monthly premiums
• Coverage from $2,500 to $35,000
• Application eligibility up to the age of 85
• No medical exam required
• Those with health issues may still qualify
• Premiums never change
• Policy accumulates a cash value

Value of a Burial Insurance Policy

If you lose a family member, you will likely be responsible to pay for the cost of their funeral and burial services. While some people may have money saved up that they can pass to their loved ones to cover these costs, quite a few people have died and passed the financial burden to their loved ones and family members. What many people do not realize is that even the most affordable funerals still cost several thousand dollars thus why a Funeral Insurance policy is a good idea. Some of the costs of the funeral include:

• Funeral service including officiator, location rental for service, and other accommodations
• Flowers, photos, programs, and other service decorations
• Funeral procession costs, including vehicles
• Casket and case
• Cemetery plot and headstone or marker
• Other miscellaneous costs including accommodations for guests and refreshments

Because the costs of a funeral can range widely and unexpected costs can quickly add up, purchasing a burial insurance policy is a good pre-emptive decision. Don’t make your loved ones worry about costs when the only thing they should worry about it honoring you in the best way possible. Cover yourself with a burial insurance or funeral insurance policy today. Enter you information in our form for a free quote now.