8 Reasons Why You Should Go for a Burial Insurance

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If you are in your 50s or above, you may start to think about planning for the other inevitable in our lives other than taxes – death. Perhaps you are slowly starting to think about funeral planning. Although it’s not a comfortable idea to prepare for death, doing so can ease the stress and burden on your family members.

However, trying to figure out what type of insurance you should get is confusing and daunting. While it’s quite common to get term life insurance policies, going for permanent life insurance, such as burial insurance, can be a better option.

It’s crucial to think about the different types of costs that will arrive after someone dies. Considering the fact you may want to make sure everything can be done in a stress-free and dignified way by your loved one.

What is Burial Insurance?

Burial insurance is a permanent form of life insurance. Also known as a final expense plan, this policy intends to cover all the costs associated with your death. 

After you die, your beneficiary will get the money and use it for final expenses, including your funeral cost, legal cost, debts, outstanding bills, etc. 

You have to be at least 50 years old to apply for this insurance policy. Premiums can be paid yearly or monthly, and won’t expire as long as the payments are current. 

Also, until you turn a ripe old age of  100 years, your coverage will be payable and premiums will not increase.

How Can Burial Insurance Help You

You may have taken all the necessary steps to take care of your family’s financial wellbeing, but what will happen to them once you’re dead? 

Most people don’t understand the pain and suffering their family members have to go through regarding their funeral and other costs. That’s why it’s essential to make sure they have the fund to cover your final expenses. 

Burial insurance is as important as setting up a will and can help a lot with your final expenses. 

Let’s see why going for burial insurance is a good idea.

No Medical Exam Required

One of the best parts of burial insurance is it’s pretty easy to buy. Unlike other insurance policies, you don’t need to go for a medical exam. 

The procedure is quite simple and all you have to do is just answer some basic questions. It also means anyone over 50 can qualify and hence drives up the cost of this insurance as much as 20 times more than a term life insurance.

If you choose a professional and a reputable insurance company such as Insurance For Final Expense, you can be sure of a simpler procedure with guaranteed coverage.

Funds to Specific Needs

Most people don’t understand the need for burial insurance as they assume the costs will be covered by the life insurance they bought.. However, considering your death can create some unforeseen expenses, you should go for it.

After your death, there will be expenses for your medical bills, taxes, and even attorneys. Since your family members have to pay for it, you don’t want them to use the money from your life insurance to cover such big expenses.

So, to make their life easier, it’s wise to have a different set of funds that can cover these expenses.

You Can Choose Your Beneficiary

Unlike the prepaid or preneed insurance, where the beneficiary will be the funeral home by default, burial insurance lets you choose your own beneficiary.

You can choose your partner or any of your relatives as your beneficiary who will be legally authorized to spend the money as needed. You can leave proper instructions for your funeral service or how you want the money to be spent.

Adaptable Policy

After you die, there will be some expenses, which may put your family in financial hardship. The preneed insurance or other life insurance may not cover the medical bills, legal fees, and other outstanding debts.

In this case, burial insurance can be the savior of your family. Although you provide instructions, your beneficiary can spend the money the way they see fit to cover these expenses. 

Besides, burial insurance is so flexible that even if your plan is based on outdated prices, it will fulfill your wishes.

Inexpensive Policy

This is one of the key reasons why you should go for burial insurance. Compared to a whole or term life insurance, this final expense plan can be purchased for small amounts.

Besides, this insurance policy won’t expire as long as you’re paying your premium and can be renewed anytime you want. Also, it’s easy for your pocket since you don’t need to pay at once.

Be Remembered The Way You Want to Be

With preneed or prepaid policy, your funerals will be held in the way decided by the funeral home based on the services they offer, which may leave your family wondering if this is the way you wanted to be remembered.

The final expense plan lets you decide what kind of service you want. You will be able to leave clear instructions for your beneficiary so that they can arrange your funeral or cremation as per your wish.

A Protection for Your Family

Emotions run high when people grieve for their loved ones. In that case, they may end up spending too much for your funerals only because they wanted to express their love for you.

Without a proper plan, things might go wrong. So, having burial insurance will allow you to free your family from the heartache and guilt associated with putting the money on the service they will give you.

Quick Response

Some life insurance policies take a longer time to process, making the family of the deceased person suffer. However, if you go with the final expense plan, this will never happen.

Burial insurance plans make cash available very fast so that your family can manage your final expenses without any hassle -meaning that they will spend less time on arranging money and more time remembering you.

Final Thoughts

Death of a family member is something that is never expected. Your family members will be grieving your loss and be in tremendous emotional pain.

While you can’t avoid the fact that death is inevitable or their pain, you can still make their life easier by getting burial insurance. However, don’t forget to look into both the pros and cons before you go for an insurance policy.

About Author

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LaDonna Dennis

LaDonna Dennis is the founder and creator of Mom Blog Society. She wears many hats. She is a Homemaker*Blogger*Crafter*Reader*Pinner*Friend*Animal Lover* Former writer of Frost Illustrated and, Cancer...SURVIVOR! LaDonna is happily married to the love of her life, the mother of 3 grown children and "Grams" to 3 grandchildren. She adores animals and has four furbabies: Makia ( a German Shepherd, whose mission in life is to be her attached to her hip) and Hachie, (an OCD Alaskan Malamute, and Akia (An Alaskan Malamute) who is just sweet as can be. And Sassy, a four-month-old German Shepherd who has quickly stolen her heart and become the most precious fur baby of all times. Aside from the humans in her life, LaDonna's fur babies are her world.

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