Why Funeral Insurance is Important to Have

Funeral insurance, also known as burial insurance is essential as it can provide timely financial help and assistance when a loved one has passed away. There are so many things to think about when this happens. We need to arrange things like the scheduling of funeral services, choosing caskets, calling family and friends, hiring burial ground, etc. Funeral insurance is the answer to ensure that today’s families can manage all the after death arrangements without any additional stress and tension.

Burial insurance is a different form of life insurance policy that only covers funeral expenses. When you buy a funeral insurance policy, you need to answer some health-related issues. Most of the times, the questions are elementary and straightforward which, makes it easy to obtain the related burial insurance policy for yourself and your family members.

How the premiums of funeral insurance are paid

Most of the times, the premiums of funeral insurance are very affordable and inexpensive in nature. You do not have to pay higher fees as with other types of insurance, and the payment schedule for the premiums is exceptionally flexible. You can either pay weekly or monthly depending on your pre-decided payment schedule. There are usually tiny increments, and the payment can even be collected at the home of the insurance policy owner.

Three main factors affect the price of insurance premiums.

  1. The age of the funeral insurance owner.
  2. The payout amount of the policy.
  3. The number of family members you want to insure.

What are the types of funeral insurance?

There are two types of funeral insurance. The first one is pre-need burial insurance and the second one is common burial insurance. Pre-need burial insurance involves a cost-effective purchase of funeral items. You can pre-pay for funeral items such as caskets, cremation services, flowers, burial plots, funeral home services, headstones, etc. On the other hand, your general funeral insurance mainly consists of buying the insurance policy directly through an insurance agent or an authorized broker. You can also purchase this insurance with the help of funeral home services. In this case, you can buy funeral insurance either for yourself or for your whole family. However, if a person dies within two to three years after purchasing the funeral insurance policy, then he/she may not get all of the insurance benefits. That is why there is always a certain waiting period that comes with every burial insurance policy.

What are the benefits of buying funeral insurance?

The main benefit of buying reliable and affordable funeral insurance is peace of mind. Your family can relax and be comfortable during the arrangements of your death ceremony. The death of a loved one can cause enough stress by itself; it is not necessary to place additional financial and provision stress on yourself or family members during this time. By getting insured, you can ensure that you have taken care of your death ceremony financially and mentally.

If you are interested in learning more about funeral insurance, visit Laid2Rest on

Author Since: Aug 09, 2018