Funeral insurance, also called burial insurance or final expense insurance, can be a valuable tool that allows family members to prepare in advance for their own funerals. These insurance policies require no exam, and they typically provide a death benefit that offers enough income to pay for memorial services, headstones, urns, cremations, and other common …
The short answer is, yes, even a terminally ill person can get burial insurance. In fact, burial insurance is geared towards the terminally ill who cannot get coverage from a typical life insurance plan—it is insurance for the uninsurable. Terminal Illnesses and Life Insurance There are a variety of terminal illnesses that would automatically disqualify …
Can a Terminally Ill Person Get Burial Insurance? Read More »
Prepaying for burial plans helps people prepare themselves and their loved ones for when their time comes, but are they worth it? Various factors may play a role in determining if prepaid burial plans are worth it because everyone’s situation is different. Such variables include the preparations that are necessary or wanted, and what these …
Burial insurance is a type of whole life insurance that can help cover funeral expenses after the policyholder dies. It’s a widely available option in Florida and throughout the U.S. However, it can be more expensive than other options because there’s no chance that the policyholder can outlive it. This type of insurance generally involves …
Do Burial Insurance Policies Have Living Benefits? Read More »
By now you know the basics: Burial insurance is considered a type of whole life insurance where the policyholder must pay a premium to keep the policy active and allow the beneficiary to get paid money (a death benefit) upon their passing. When determining what option may be best, some may be looking for something …
