Is burial insurance right for you? Via ForbesAdvisor
$1,310
If you want a life insurance policy that’s only meant to cover funeral expenses, you want to make sure you buy enough insurance to cover the kind of funeral you want. Funeral costs can vary considerably depending on what arrangements you want, including flowers and music. Here’s aBurial insurance is one type of life insurance among many options. It’s good to be familiar with the other choices to make sure that you’re buying the right one.
However, a burial insurance policy could be a good choice if you want a simple life insurance policy that:Doesn’t have an application with a medical examBurial insurance and pre-need funeral insurance are two different products. The biggest difference is burial insurance makes a payout to your beneficiaries, while pre-need insurance typically pays a funeral home where you have arranged funeral details.
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