Burial insurance, or final expense insurance, is a type of life insurance policy that covers end-of-life expenses such as funeral costs, medical bills, and other expenses that you may leave behind after passing on.

It’s a helpful insurance tool because for you to qualify for a cover, you don’t need to take a medical exam. Unlike traditional life insurance policies, you can be covered even if you have underlying health conditions. Final expense plans are usually affordable and are issued immediately after the insured dies.

WHAT DOES BURIAL INSURANCE COVER?

A burial insurance policy, like other life insurance policies, covers your life. The death benefit is usually paid after the insured dies to cover the funeral costs.

It eliminates the need for your beneficiary and loved ones to pay for the following expenses:

• Funeral home services.
• Casket or urn costs.
• Burial.
• Transport costs.
• Headstone, flowers, and burial plot costs.
• Accommodation of funeral guests.
• Cremation facility.
• Medical bills.
• Personal loans, mortgage, or car loans.
• Credit card debts.

A final expense policy usually offers the beneficiary a cash benefit. Whatever they decide to spend the money on depends on them. For instance, they might use it to cater to funeral expenses and save the leftover cash as a small inheritance for their spouses, children, or grandchildren.

HOW TO CHOOSE THE BEST BURIAL INSURANCE PLAN

When choosing the best burial insurance cover, there are essential factors to consider, including:

• The amount of coverage you need.
• The cost of a funeral in your location.
• The requirements your insurance provider has for the qualification process.
• The premium rate. Some burial insurance policies have fixed or guaranteed premiums, while in others, the premiums increase as you grow older.



It’s important to note that various types of burial insurance policies depend on the insurance company. This has to do with how benefits are paid and the application process. The fine print will separate the policies. Ensure you select the policy that best supports your reasons for getting a final expense life insurance plan.

IS BURIAL INSURANCE WORTH IT?

If you already have a life insurance policy covering your funeral and other end-of-life expenses, you don’t need to have a burial insurance cover. However, keep in mind that it takes longer for beneficiaries to receive the cash benefit from the insurance company for a life insurance policy. The case is not the same for a final expense cover.

Burial insurance comes in handy if you haven’t qualified for a life insurance policy due to poor health or age. It provides substantial financial relief to your beneficiary and loved ones since it does not require a medical checkup, and it’s cheaper. You will only need to answer a few health questions to determine your coverage.

A final expense plan is also worth getting if you’re older or on a fixed income, given that the premium rate is affordable, depending on the coverage.

The best thing about a burial insurance policy is that your beneficiaries receive the payout almost immediately after you pass on. They won’t have to worry about the financial burden associated with funeral costs, mainly if you were the breadwinner.

Are you worried about the financial strains of your funeral costs on your loved ones? At Senior Benefits United, we know how confusing it can be to get suitable coverage, and that’s why we want to make sure that you fully understand all the options and what they offer so that you can decide on the best choice for your needs. Consider getting burial insurance today, and let us worry about the rest. Contact us today for the best coverage.