Benefits of Burial Insurance

If you are considering the purchase of a burial insurance, you should understand there are several benefits to owning burial coverage.

First, you have peace of mind knowing you have the coverage needed to pay for your final expenses.

Next, you will know you have planned ahead and prepared for the inevitable, showing your loved ones the respect they deserve so they are not left in a difficult position when you die.

And, your family will be better prepared to pay for you funeral and burial since you have provided the funds needed. They will appreciate that you thought enough of them that you didn't put them through any financial difficulties upon your passing.

Learn more about the benefits of burial insurance policies.

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.