Factors to consider for Burial Insurance:
- How much does the burial insurance policy cost?
- Will my rate or premium ever increase?
- Will the amount of coverage remain the same?
- What is the financial strength rating of the insurance company?
- Does full coverage begin at the start of the policy?
- How much coverage can I purchase?
- Can I get covered even if I have health issues?
There are several insurers that offer burial insurance coverage with guaranteed approval, which means you cannot be denied a policy due to any pre-existing health condition.
Some burial insurance plans offer up to $25,000 of coverage, and you may be able to buy a policy from more than one insurance company.
Keep in mind, if a plan is guaranteed approval, it may come with limited or graded death benefits the first two years you are insured - this is how the insurance company can guarantee your acceptance for a policy.
Learn more about how to buy burial insurance.