Life Insurance

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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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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burial and life insurance work in similar ways

Is Burial Insurance Better Than a Life Insurance Plan?

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 …

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you can combine final expense with another life insurance policy

Can I Have Final Expense with Another Life Insurance Policy?

Different life insurance policies cover different needs and services. So, because there are no legal limits to the amount of life insurance policies you can maintain, you have the option to combine multiple policies to obtain the greatest benefits. Here’s a deeper look into how you can combine final expense with another life insurance policy. …

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