Burial Insurance – Why Should You Buy It? What Does it Cost?

Burial Insurance
by wallyg

Death is something that can be uncomfortable for people to discuss.  No matter how old a person is, they may not want to consider their demise.  The fact is that everyone passes away and it is important that those who survive the deceased are not left in the lurch because of an untimely death.  One way to make sure that the costs of a burial are covered is by having burial insurance.

The following are some of the benefits of burial insurance:

Non Age Restricted – Before you think that you do not need burial insurance because you are young, consider the fact that accidents and illness happen and at any time death can occur.  It is better to be covered for the “just in case” rather than waiting for an illness to hit you and then you find that you are uninsurable.  Anyone of any age can be approved for this insurance and it means that your final wishes are carried out.
Low Cost – Because this insurance only covers the cost of burial and nothing more, it is more cost effective than a full and whole life insurance policy would cost.  Those who are elderly may pay a few dollars more a month, but coverage is still guaranteed.  The small monthly premiums do not break the bank or take money that cannot be afforded.
Does Not Affect Other Policies – Many wonder why they would need burial insurance if there is a solid life insurance policy in place.  One reason for this is because it is just added coverage.  The life insurance payout can be used for other issues such as paying off a mortgage or making sure children or grandchildren have the funds for college.  If the burial is paid for with a separate insurance, there is no need to tap the life insurance for these funds.

Burial insurance can be used as a standalone policy or it can be set up as an addition to a whole life insurance policy.  Those who do not carry life insurance should make sure that they have burial insurance in order to help their families mitigate the costs of a death.  There are no age restrictions and this type of policy can be purchased even if a person is in perfect health.  It is important to take care of surviving family members and having a solid burial insurance policy in place is a great way to do this.

www.bestburialinsurancepolicies.com Burial insurance can cover funeral expenses for someone once they’re gone so as not to burden their loved ones or society. Surprisingly, burial insurance can can be very affordable. You can even get burial life insurance with no medical exam to cover your burial costs.

Question by T D: What is the best life and burial insurance companies?
I am looking to buy life and burial insurance for my family. So many companies are out there not sure what are the best companies and not scams.

I would like to buy a policy that covers burial expenses and one that offers life insurance

Best answer:

Answer by Mr. Q
Basically most companies offer all types of insurance, but look into AAA or AARP, first.

Know better? Leave your own answer in the comments!

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5 Comments

  • paulag48 says:

    My mom is in poor health but wanted burial insurance so we didn’t have to pay for her funeral. After watching this video, I took a chance and called Diane. She was so sweet. I couldn’t believe she got my mom a burial insurance policy and it wasn’t near as much money as I feared. Thanks Diane!

  • samy says:

    I found interesting information about your answer & THE BEST options here. http://all-insurance-online.blogspot.com/2007/10/insurance-companies.html

  • Kristine T says:

    some of your top rated companies are New York Life, AIG, and Met life. It really depends on what you are looking for in insurance. If you want a policy that will help supplement retirement i suggest looking for a mutual company such as new york life, look for an agent that you are comfortable with and who is willing to take the time to explain their products so that ten years from now when someone asks you do you have life insurance you aren’t like most people who don’t know what kind, how much or with what company.

  • Hadley says:

    There are several highly-rated life insurance companies that offer burial insurance and life insurance.

    Among some of the leading providers of simplified issue life insurance to cover burial expenses are Globe Life, Colonial Penn and Stonebridge Life.

    Globe Life is rated A+ by AM Best and there is no medical exam required. You can apply online and get approved within minutes. Globe Life has more than 2.5 million policyholders – they are definitely a good insurance company. You can learn more at http://www.term-life-online.com/burial-insurance.html

    Also, you can compare free quotes online for term life insurance from a leading quote provider. You fill out one form and get up to 12 quotes instantly from top-rated insurers at https://www.efinancial.com/smartquoteefc.aspx?source=389-707-1

    I hope that helps! Best of luck to you.

  • Bradley S says:

    You’re right—there are many out there and the choices are bewildering. That’s why I recommend speaking with an independent insurance broker. A broker works with several companies and is in position to give you a fair assessment based on your specific requirements. To find a broker in your area, log on to a website like http://www.lifeinsurancewiz.com and fill out a form requesting a free quote. Your information will be sent to a broker in your area who will contact you.