Usually, these are small permanent life insurance policies that offer up to $20,000 of life insurance coverage.
These plans provide lifetime protection, a death benefit, and may build some cash value inside the policy over time.
The cost of a cremation can vary from $895 up to $5,000 or more, depending on what you want included with the cremation - Urn, small casket, flowers, memorial service, etc.
There are guaranteed issue life insurance plans available that do not require you to take a physical exam or answer any questions about your health.
One carrier offers guaranteed approval for people ages 45 to 85, but the age requirement can vary by insurer.
Learn more about cremation insurance and how it works.