What is burial insurance / funeral insurance?
Funeral insurance, often called “Burial insurance” refers to a whole life insurance policy with a death benefit between $5,000 – $25,000. The main attraction to this policy is the death benefit of covered funeral and burial costs, hence the policy’s nickname.
The policy can be supplied for the policyholder, or their loved one’s and family members.
Only a few health-related questions are required for application. No medical exam is needed to qualify for a burial plan.
Your policy comes with many different options including the following
Why Do You Need Burial Insurance?
If you have no other form of insurance, you definitely need burial insurance, at least. Burial insurance / funeral insurance is an affordable alternative to a fully developed life insurtance policy. It’s also a great policy for people that were rejected from getting a regular life insurance policy. The average costs for burial is over $9,000 this year. The majority of people aren’t able to afford a proper funeral. However, with a burial plan, most (if not all) burial costs will be taken care of.