Why Burial Insurance is Important
What is burial insurance and why is it important? Like most families, your loved ones not only depend upon you for emotional support, but financial security as well. When something happens to you, how will your family cope with the loss of a loved one and, at the same time, their financial stability too? Burial insurance is an inexpensive way to help ease the burden of a loved one's death.
Burial Insurance Provides Financial Protection
At the same time families grieve over the loss of a loved one, they can also face a tremendous amount stress and financial uncertainty. How will they pay for the immediate living expenses? How will they afford the cost of a funeral and burial which can easily exceed $15,000. The timing of a family member's death frequently comes as a surprise. Consequently families are often ill prepared to deal with the financial implications associated with a loved one's death. Burial life insurance provides your family members with financial assistance at the time of your death to help pay for burial expenses, in addition to other expenses or debts that will be passed along to your loved ones.
Burial insurance frees your family of the financial strain, and stress, that goes along with the death of a family member. The last thing you want your family to do is worry about paying for a funeral and other bills while they grieve and face the overwhelming emotional challenges of losing a family member.
Burial Insurance for Just a Few Dollars Per Month
Compared to other types of life insurance, burial insurance is relatively inexpensive and easy to get. Some of the smaller burial insurance policies start at just a few dollars per month. In fact, a recent survey of burial insurance rates found that some insurance carriers are offering small policies at just $5.95 per month.
Burial Insurance Is Easy
Unlike traditional life insurance policies, burial insurance is extremely easy to obtain. There are no medical exams, and in most cases little to no medical underwriting. That means consumers are not as likely to be denied coverage because of a preexisting medical condition or family medical history. Policies are issued much faster and sometimes can be purchased over the phone or even online. InsureMyBurial.com is the internet’s leading resource for burial insurance quotes. In just a matter of seconds, consumers can get actual custom burial insurance quotes from the leading insurance companies in the country.
“How much does a funeral cost” is a common question that usually triggers a final expense or burial insurance conversation. Inevitably, the next question is how are we going to pay for the funeral? Unfortunately, funerals, memorials, cremations and burials cost significantly more than most people think. Consequently, that means most families are not prepared to deal with burial expenses or costs associated with a loved one's death. When these expenses aren’t planned for in advance they can quite often cause a hardship for a family.
What is burial insurance? Burial insurance, also sometimes referred to as final expense insurance, funeral insurance or preneed funeral insurance, is a specialized type of life insurance. Unlike some other types of life insurance that are designed to provide an inheritance to heirs or pay off a mortgage, burial insurance is specifically designed to cover the expenses associated with a person’s funeral and burial.