Death Care Network - End of Life Resource Center

Funeral - Burial Insurance


funeral burial insuranceWhat are the Benefits of Funeral and Burial Insurance?If you are already between the age of 50 and 85, you probably have already thought about and considered funeral planning or you are already in the process of planning it. Although the idea of planning for unwanted situations like death is not an enjoyable task at all, doing so has benefits to your family in the future.

A funeral and burial insurance policyeases the stress and burden of a family when they experience the loss of a loved one. However, one problem with funeral and burial planning is determining the type of funeral insurance that you should get. Experts will usually steer you toward term life insurance while some will recommend that permanent insurance such as funeral insurance is the best option.

What is Funeral and Burial Insurance?

Funeral or burial insurance is also referred to as final expense plan—a permanent insurance. This insurance policy has no specific term and it does not expire as long as you continue to pay premiums on time. Just like other permanent insurance choices, this type of policy includes cash value elements in order for you to build up tax-deferred savings. Moreover, you can withdraw those funds or borrow against the insurance if needed, too. But always remember that any unpaid loans and withdrawal can affect the death benefit of the insurance.

Benefits of Funeral and Burial Insurance

Let your legacy be a peace of mind rather than a debt. Many people are buying life insurance simply for the coverage of their funeral and burial expenses. Funeral and burial insurance are regarded by many people to be very valuable and easy organizing.

Premiums are often paid weekly or monthly but some of the prepaid burial plans allow clients to pay for the entire plan in advance. You can get a funeral insurance from different sources like funeral homes, agents, and insurance brokers that sell burial insurance policies.

Here are the few benefits of funeral and burial insurance:

There are only a few questions to answer about health.

Applicants are required to confirm their personal and health information.

No urine and blood tests needed.

Instant payouts are possible from the date of issue.

There are higher maximums that are available with the additional underwriting.

The most important consideration to look into the types of funeral and burial insurance is checking all details carefully and weighing all available options. Thus, funeral planning could significantly make a huge difference to you and your loved ones in the future plus it is very easy to apply for a permanent insurance.

Getting funeral insurance provides a lot of benefits such as easing the burden of your family at times of loss, assuming financial responsibility ahead of time, a meaning funeral, and final wishes are followed accordingly. Be in control of your future by thinking about funeral planning. If you have not decided today, think about it carefully. It is better to give your loved ones the peace of mind they deserve when the time comes.