Learn about Life Insurance and How to Get Affordable Protection for Your Loved Ones.
Wednesday, May 6, 2020
What are Burial Insurance Benefits?
Burial insurance usually refers to a permanent life insurance policy in a small amount that lasts for your entire lifetime, and is meant to cover the cost of burial and funeral expenses.
It's usually purchased with a death benefit in the range of $3,000 to $20,000.
Burial insurance is also referred to as "end of life insurance", "final expense insurance", and "funeral insurance".
The death benefits for burial insurance are low, ranging anywhere between $3,000 up to $20,000 (although some insurers may offer higher limits).
For example, United of Omaha offers guaranteed issue burial life insurance policies with coverage limits up to $25,000.
After you die, burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner, including to pay for the costs related to your final expenses.
Learn more about burial insurance benefits and how they work.
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