In Washington, like in many other states, burial insurance is commonly purchased by:
Seniors: Many seniors purchase burial insurance to relieve their loved ones from the financial burden of funeral expenses. As people age, they often become more concerned about planning for end-of-life costs.
Individuals without Life Insurance: Some people might not have a comprehensive life insurance policy in place, and as a more affordable alternative, they opt for burial insurance to cover specific funeral costs.
Individuals with Limited Savings: People who have limited savings may want to ensure that their burial costs are covered, so they don't leave a financial burden for their family members.
Those without Pre-arranged Funeral Plans: If someone has not pre-arranged their funeral or made other provisions for covering their funeral expenses, burial insurance can be a practical solution.
It's important to note that burial insurance policies typically have lower coverage amounts compared to traditional life insurance policies. They are specifically designed to meet funeral and burial needs rather than providing substantial financial protection to beneficiaries.
Learn more about buying burial insurance in Washington.