Death benefits are common across a variety of financial products but are major factors in life and burial insurance. When reviewing life insurance policies, it’s important to take into account the death benefit that’s available, and how much the policy costs because these two factors generally correlate. Keep reading to learn more! Death Benefit Defined …
The main purpose of burial insurance is that it allows policyholders an opportunity to secure funds for loved ones to cover their final costs after they pass away. The policyholder often chooses a loved one as the beneficiary so that they can receive and use the funds accordingly. When choosing a burial insurance policy it’s …
How Burial Insurance Works Burial insurance is like a small life insurance plan. To apply, you first choose a company and plan that you like. You then purchase that policy by applying, signing a contract, and paying a monthly premium. You’ll pay this monthly premium for the rest of your life. At the end of …
How Quickly Will the Death Benefit Be Given to My Beneficiaries? Read More »
