Burial Company Insurance

Make Preparations

It’s scary to think about the reality of an accidental death, and no better to ponder death following a lingering illness or chronic disease. No matter how well you plan, no one is ever completely ready to deal with such an unexpected event. That’s why it’s best to do what you can, when you can, to prepare for the future. You can make things a little easier on loved ones left behind after your death by purchasing affordable burial company insurance to take care of the unforeseen expenses.

No one plans to die, and people don’t plan to be a financial burden for those they love, however, if you put off making preparations to cover your funeral expenses, your family could be saddled with an unexpected bill of more than $7,000.

To prepare for the event of your death, burial insurance is included in many life insurance polices, and benefits provided cover burial expenses and more.

Graded Death Benefit

Once you reach the age of 50, it becomes more difficult to find life insurance, but there are companies such as Gerber Life Insurance that offer to insure individuals between the ages of 50 and 75 with policies that provide burial company insurance benefits. Polices can be obtained in the amounts of $10,000, $7,000, $5,000, or even $3,000 in guaranteed cash benefits insurance. These policies are available with burial insurance benefits; however, in some cases benefit limitations will apply during the first years that premiums are paid.

Burial Company Insurance Exclusions

Many insurance companies agree to accept applicants between the ages of 50 to 75, others even provide coverage up to age 85, but graded death benefit limitations apply. For example, over the first two years of coverage, the benefit payment for death due to illness might be a full refund of all premiums paid plus a percentage of the premiums paid total. Once the graded period has ended, the burial company insurance policy’s full benefit amount would be paid for any covered cause. However, some policyholders even within the 50 to 75 age group may qualify for a full death benefit policy providing full benefits from the beginning. (Depending on the insurance policy terms, in some cases if suicide occurs during the first two years of coverage benefits are limited to the return of premiums paid.)

Who Should Buy Burial Company Insurance?

Burial company insurance is also known as funeral insurance or final expense insurance. Multiple plans and options are available for individuals as young as 40-years-old and as old as 85. When purchasing burial company insurance here are a few facts to keep in mind:

• An average funeral costs $6,000-$8,000.
• You’re guaranteed coverage as long as premiums are paid.
• Burial insurance is a practical purchase for people over 50.
• Burial insurance is a specialized type of whole life insurance.
• Some limitations may apply if death occurs within the first two years.

If you plan ahead and buy funeral insurance, the burden of your burial, funeral, and other final expenses will not fall on your loved ones. Purchase adequate protection now while the process is easy and convenient.