Burial Insurance

your burial insurance premium is determined by your age, gender, health, and the size of your policy

How Will My Premium Be Determined for Burial Insurance?

Burial insurance can help individuals ensure that the financial burden of their death is minimized and final expenses are covered. Usually, these policies are smaller and less extensive than typical life insurance policies. However, like other life insurance policies, participants are required to pay premiums to maintain the policy. Before determining what life insurance policy …

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the insurance company can cancel your burial policy if you don't pay premiums

Can the Insurance Company Cancel My Burial Insurance Policy?

Plenty of people use life insurance as a way to cover funeral and burial costs. Burial insurance is a kind of life insurance specifically intended for seniors’ final expenses. Sometimes it’s called final expense or funeral insurance. Senior Life Services can help you determine if burial insurance is the best option for you. But first, …

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Burial insurance is an expense that cannot be deducted on individual tax returns

Is Burial Insurance Tax-Deductible?

Burial insurance involves paying premiums for the remaining years of life and then a death benefit will be given to designated beneficiaries. This option helps reduce the financial burden and pay for potential final expenses, like funeral or burial arrangements.  To understand if burial insurance is tax-deductible, it’s important to understand what being tax-deductible means. …

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Some burial insurance companies offer a minimum amount of $1,000

Is There a Minimum Coverage Amount for Burial Insurance?

Burial insurance is a type of whole life insurance policy intended to cover funeral and burial costs. It generally has minimal qualifications and is most commonly referred to as a guaranteed issue. The circumstances surrounding a person’s application process generally help the insurance company in determining what amount the person qualifies for — but the …

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burial insurance is a small life insurance policy that you can buy from a broker like us

Is Burial Insurance a Type Of Life Insurance Policy?

Yes, burial insurance is a type of life insurance policy. However, there are a few differences between standard life insurance policies and burial insurance. The biggest differences are the price, who’s accepted, and the limits of the policy. Read on to learn more about burial insurance, the more affordable life insurance policy. The Basics of …

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