Yes. There are insurance carriers that offer life insurance plans to cover the cost of cremation.
In California the average cost of a direct cremation is around $895, which covers the cost to transport remains, file documents, get a cremation permit, and the cremation with a container.
However, some people may choose to have a memorial service, viewing or wake, and other additional arrangements upon their passing.
That's why a cremation may cost more. Some even choose to have a cremation casket, which can cost up to $1,200 or more.
Several life insurance companies offer guaranteed issue life insurance plans to pay for the cost of cremation and related expenses. You may purchase one of these policies with no health exam and no health questions asked. Your approval for coverage is guaranteed if you are between the ages of 45 to 85 years old - depending on the life insurance company.
Here's how to buy cremation insurance in California.