You’re not alone if you’re concerned about how your family will pay for your burial and other end of life expenses after you pass. In many cases, a proper burial can cost thousands of dollars and with uncertain finances, that’s an expense that’s sure to present a hardship for many. While it’s not a conversation most folks enjoy having, knowing what options are available to you with quality burial insurance is not only practical, but a smart strategy going forward.
What exactly is Burial Insurance?
Generally, burial insurance is a type of permanent final expense insurance available for folks aged 50-85 who are looking to prepay burial expenses. Policies are designed to provide financial coverage for burial and end of life expenses. You decide how much you would like to designate to your burial expenses and pay that amount through a premium throughout your living years. With locked premium rates, it’s never been easier to find the right plan to suit your budget, even as you age.
What Does Burial Insurance Cover?
You might be surprised to learn that the typical burial insurance policy covers a little more than you’d expect. The right policy helps to pay for traditional funeral and burial expenses including the casket, funeral service, funeral plot, headstone and flowers. But in many cases, end of life expenses like probate taxes, medical, mortgage, car and unpaid credit card debt can be covered as well.
A Responsible Choice
These days, the costs associated with a proper burial can be in the thousands and continue to rise every year. Burial insurance takes this financial hardship away from your loved ones, giving you the opportunity to pay for end of life expenses ahead of time. It’s a responsible choice and the perfect way to usher in end of life realities for your family in the most peaceful and stress free way possible.
At United Life Group, we believe it’s never too early to start thinking about burial insurance and that’s why we’ve made a commitment to help you find the best rates from top companies. Remember, there are significant differences between policies and it’s always a good idea to explore your options before making a choice. Let us help you with this important responsibility and get peace of mind that comes from knowing you’ve made the right decision for you and your family.
Common burial insurance FAQ’s
Here is a review of some of the final expense insurance companies we work with, we tried to give an overview so our clients could understand their options.