Burial insurance
Burial insurance is a small whole life policy for funeral, burial or cremation costs. The money goes to the person you name, who can use it for the service and any bills left behind.
No cost to talk. No obligation.
Nothing to lose by starting
Pay nothing until you're approved. Change your mind during your free-look period (at least 10 days, longer in many states) and get every dollar back.
One no isn't the end
Turned down before? If one company says no, we check the others at no charge. Guaranteed-acceptance plans ask no health questions (benefits are limited the first 2 years).
Insurance companies decide approval and pay claims. Plans and free-look periods vary by company and state.
Who it is for
- Anyone who wants a funeral paid for without leaving it to family
- People who want a small policy that lasts for life
- Families comparing a policy with a prepaid funeral plan
How it works
- Tell a licensed agent the kind of service you want and your budget
- They compare burial coverage from several insurance companies
- You choose, name who receives the money, and apply by phone
Questions
Is burial insurance the same as final expense insurance?
They are close to the same thing. Both are usually smaller whole life policies meant for funeral costs and final bills.
Does the money have to go to a funeral home?
No. It goes to the beneficiary you name, and they decide how to use it.
Is there a waiting period?
It depends on the policy and your health. Some pay the full amount from the start and some limit the benefit for the first years. Your agent will show you which is which.