Mnay people choose to buy burial insurance coverage to help pay for the cost of their funeral and burial upon their passing.
Many burial plans offer several common features, for example:
- Up to $25,000 of coverage is available
- No medical exam required
- No health questions asked
- Guaranteed acceptance for people age 45 to 85
However, there are some possible drawbacks which may incude:
- Limited death benefits the first two years you are insured
- Higher premiums compared to traditional life insurance
But, one of the biggest positives of burial insurance is the peace of mind knowing your family will not experience any financial difficulties if you die, since there will be enough money to pay for your final expenses.
And, you cannot be turned down due to any health problems - if you meet the age requirements you can get a burial policy.
Here's how you can learn more about burial expense insurance plans and request a price quote.