Burial insurance exists to cover some, or all, of the costs that can come with the end-of-life. If you’re considering purchasing a burial insurance policy, know that it’s an excellent option to take the financial pressure off your family. Age The majority of people purchasing burial insurance are seniors. This is because that’s typically the …
Here’s the bottom line… To qualify for burial insurance, you’ll typically need to answer some questions so the insurer can learn more about you and your health. This information may include an individual’s gender, age, number of dependents, and whether or not you’re a smoker. Note that the question regarding smoking may sound irrelevant to …
Purchasing burial insurance can be difficult. However, burial insurance is an important part of planning for end-of-life and covering some (or all) of the costs that could come with that. If you’re ready to purchase a burial insurance policy, you may be wondering if you’re eligible or old enough. Below you’ll find important specifics about …
Terminal illness is one of the qualifications that can make it extremely hard to enroll in any type of life insurance. While there are still options, they are limited and will most likely be pricey. Burial insurance is granted to those with terminal illness, so let’s talk about what that can mean and how you …
Can You Get Burial Insurance If You Are Terminally Ill? Read More »
Purchasing burial insurance means that your family won’t have to pay for your funeral and burial costs out of their own pocket. Depending on the type of policy you buy and the amount of the death benefit, it may cover costs that extend beyond your funeral. This will all depend on the type of policy …
Is Burial Insurance Long Or Short-Term Coverage? Read More »
In most states, you can buy burial insurance from a funeral home. You may also, however, purchase it from an insurance company. And, if you’re purchasing a burial plan from a funeral home, make sure you aren’t buying a pre-need or prepaid insurance plan—we will explain the difference between the two to ensure you are …
Burial and life insurance work in similar ways—both require monthly premium payments, and both have a payout paid to a beneficiary once the policyholder passes away. However, there are critical differences between these plans that distinguish them from one another. One policy is not really “better” than the other. To say as much would ignore …
Is Burial Insurance Better Than a Life Insurance Plan? Read More »
Burial insurance is a great way to give you and your parents peace of mind about their final expenses. It not only relieves a burden from them but from you as well. But purchasing a life insurance policy for someone is a big deal—What is burial insurance? How does it work? How can you be …
The short answer to this question is no, you do not need an exam to get final expense insurance. They are one of the few forms of life insurance that don’t require a medical exam to get approved for coverage. Let’s take a closer look at final expense plans and avoiding insurance exams. How Do …
Do I Need An Exam to Get Final Expense Insurance? Read More »
Final expense insurance is a type of life insurance policy with a smaller premium. It is designed to help families pay costs associated with end-of-life. These premiums are much more modest than the average life insurance policy, and the death benefits are typically between $2,000 and $50,000. This makes the monthly premium lower. Read our …
5 Tips For Choosing the Best Burial Insurance Plan Read More »
