You may have heard about some of the benefits of obtaining burial insurance and you’re wondering how it can help protect your family. With a typical death benefit between $5,000-$25,000, the right burial insurance can bring security and peace of mind in an uncertain time. If you’re considering looking into burial insurance options, here’s some information that will help you make the most informed decision.
What Does Burial Insurance Cover?
In most cases, the typical burial insurance policy covers traditional funeral and burial expenses including the price of a casket, the ceremony in a funeral home, transportation and care of the body as well as a head stone and flowers. In some cases, burial insurance funds can be used to pay off debt, medical bills even the cost of administering probate. For many people, burial insurance is a helpful and often necessary part of ensuring loved ones can receive a proper burial. The cost of even the most conservative funeral can be in the thousands, and more and more folks are using burial insurance to shoulder out-of-pocket expenses.
Who Needs Burial Insurance?
While everyone can benefit from a quality burial insurance policy, folks looking to secure financial resources for loved ones or who wish to make specific arrangements ahead of time would benefit the most from burial insurance coverage. After all, no one wants to leave surviving family members with the unexpected burden of costly funeral and burial expenses. Essentially, you purchase a burial insurance policy, make the premium payments on time and when you die, a named beneficiary receives the payout. The good news is, the premium never increases and the benefit never decreases.
Comparing Burial Insurance For the Best Rates
As is true with all insurance coverage, comparing rates and coverage options between companies is the fastest, most effective way to secure the most competitive rates. Luckily, it’s easy to find quality burial insurance online and most reputable websites offer 24 hour access to online quoting for comparing rates between multiple providers. However, make sure the website you choose works with only top providers and provides a quote engine that is free, easy to use and most importantly, accurate.
Burial insurance gives your family and loved ones the peace of mind and financial resources they deserve to make important end of life decisions. Losing a loved one is difficult and the right burial insurance can help by making things a little easier.