Funeral Expense Insurance

Death is often sudden and dealing with the passing of a loved one is difficult. Funeral insurance, also called burial insurance, can be used to ease the burden on surviving family members. 

Let’s be completely honest here. None of us like to think about our friends or family passing away. The notion in and of itself is uncomfortable and tends to send a chill up the spine, at least in my case. Having said that, I once saw a comedian remark that we all know how this story of life will end. We will pass away and it is just the natural order of things. This doesn’t mean that those who have to deal with the death of a person have it easy. The pain can be brutal and so can the expense of dealing with it. This is where funeral insurance can be a huge help and is something we highly recommend.

As the name suggests, funeral insurance covers the costs associated with the memorial and funeral process. Many people are surprised to learn the average funeral can cost as much as $10,000 and the price is increasing. Leaving this type of a burden on your heirs is, in the minds of most, the last thing that should be done. Funeral insurance steps in and pays the bills so that you get the funeral you deserve and your heirs don’t suffer financially. 

This burial insurance is often referred to as final expense insurance. This is actually a misnomer. Why? Well, there usually isn’t a specific coverage in the sense of an expense list. Insurers faced a problem wherein they could not predict what people wanted in their funerals. Given this, they decided to go in a different direction. Most funeral insurance is now really just a small life insurance policy. When the death occurs, the policy kicks out the lump sum coverage amount to the listed beneficiaries and this money is then used to pay the funeral expenses. 

The good news is funeral insurance is not like other life insurance where you might be rejected. Nearly all policies are guaranteed issue, which takes the aggravation of applying for them out of the equation. Contact us today at (800) 341-5433 to learn more about your options.