The Right Burial Insurance Coverage
Relieve Financial Burdens for Your Family
While costs vary based on individual factors such as location, service choices, and specific personal preferences, the average funeral can easily cost thousands of dollars. This financial burden is significant whether you opt for a traditional burial or cremation. It’s important to note that even with cremation, funeral services are typically held before the cremation process, with memorial services often occurring afterward. These services, whether they involve a viewing, a religious ceremony, or a celebration of life, can add to the overall expenses.
Funeral costs encompass many elements, including the casket, embalming, flowers, transportation, and cemetery fees, or in the case of cremation, urns and memorialization options. All these can quickly add up, leaving your loved ones with a considerable financial responsibility during an already emotional time.
Burial insurance, also known as final expense insurance, is designed to help ease these financial burdens. It provides your family with the necessary funds to cover the costs associated with your funeral services, ensuring that they can focus on honoring your memory without the added stress of financial strain. By securing burial insurance, you are taking a crucial step in planning ahead, offering your loved ones peace of mind and protecting them from unexpected expenses.
Funeral Insurance Terms
Like other insurance policies, funeral insurance has benefits and drawbacks. Benefits include low premiums and upfront payment via a lump sum shortly after your passing. Drawbacks include coverage payouts that are relatively low, with the maximum amount topping out around $35,000. Of course, the payout in your policy will depend on the coverage level you select.
