What is Burial Insurance?
As the saying goes, there are only two guarantees in life: Death and Taxes. Everyone dies eventually. However, you do not have to leave the large expense of your funeral arrangements to your relative’s finances. Burial insurance is an easy way to make sure you have a plan in place to pay for your funeral wishes.
This insurance is very similar to life insurance. However, one of the largest differences between burial insurance and life insurance is the fact that burial carries no cash benefit. Life insurance is usually paid out via a check or bank transfer, however, all the proceeds from this type of policy go directly to the funeral home and related expenses. These policies are very low cost, and require no health exam in order to be eligible.
