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Burial Insurance Plans and Final Expense Insurance Plans

The loss of a loved one is never an easy situation to deal with. Dealing with feelings of mourning and sadness are more than expected at such a time. What often hits mourners by surprise is the high expenses that come along with celebrating the memories of the one they have lost. The thousands of dollars in costs a funeral and other expenses associated with one’s passing can put undue financial stress on those who are dealing with the loss of a loved one.

Burial and final expense insurances are types of life insurance that are traditionally easier to qualify for as well as being more affordable than traditional forms of term or whole life insurance. Final expense insurance also provides coverage beyond the age limits of traditional life insurance policies, at a cheaper cost. Burial insurance policies are available to seniors up to the age of 85. Those with no serious medical issues will find it quite easy to qualify.

Benefits of Burial and Final Expense Insurance

These insurance policies are an ideal solution for those who do want to pay or cannot afford large insurance premiums for life insurance, but at the same time do not want their passing to be a financial burden on their family. The benefits of final expense insurance include:

  • Affordable monthly premiums
  • Coverage options from $2,500 to $35,000
  • Application eligibility up to the age of 85
  • Premiums are locked in
  • No need for a medical exam
  • May still qualify with health issues
  • Policy accumulates a cash value

Value a Burial Insurance Policy Provides

When a family member passes away, somebody has to pay for the funeral and burial services. Some people do save up money they can pass on to their family to cover these costs, but quite a few people have also died and left their loved ones with having to pay for their final expenses, not realizing that even small funeral services will cost at least a few thousand dollars. These costs often include:

  • Funeral service including service location rental, paying for the funeral officiator
  • Flowers, programs, photos
  • Funeral procession costs, many times including hearse rental
  • Casket
  • Cemetery plot
  • Headstone or marker
  • Any necessary accommodations for guests and refreshments

The costs of a funeral can vary pretty widely, and unexpected costs when planning in a rush can quickly add up. Buying a burial insurance policy prevents your loved ones from having to worry about the costs and focus on celebrating and honoring your life the best way possible. Purchase a burial insurance or final expense policy today and leave your loved ones with memories, not financial burdens.