What is Burial Insurance?

Expenses for the average funeral exceed $8,000. Can your estate or survivors successfully handle this expense? If not, consider burial insurance. It can give you and your survivors peace of mind as it covers this inevitable expense.

What Does Burial Insurance Cover?

Because different funeral homes charge different prices, you could pay anywhere from $6,000 to $12,000 or more for a funeral. Typical burial costs include the obituary fee, casket or cremation, visitation and viewing, minister, flowers, burial plot, headstone, grave digging and filling, burial vault or grave liner, hearse and other expenses. If you do not have life insurance or savings set aside for this expense, your survivors or estate will have to pay the bill, which can be a financial hardship and is not something anyone wants to think about as they grieve.

Who Can Purchase Burial Insurance?


Almost anyone is eligible to purchase burial insurance. While you will need to answer a few medical questions, there is no medical exam requirement. Most people will qualify for a policy, and future medical issues do not affect the policyholder's eligibility for coverage.

What Does it Cost?

Most burial insurance policies include fixed premiums. That means you will pay the same amount at the beginning of the policy's term and at the end. Typically, your burial insurance will cost a few dollars a week. However, certain policies can be as expensive as $1,000 a month. Definitely shop around to find the most affordable policy for your budget and needs.

How Much Coverage do you Get?

When purchasing burial insurance, you can decide how much coverage to buy. Policies normally offer death benefits that range from $3,000 to $50,000. Remember that premiums for a $5,000 policy will be less than a $10,000 policy, but a larger policy will cover more funeral expenses. Compare the costs of different policies as you decide what you can afford.

How do you Pay for It?

The premiums for your burial insurance can be paid weekly or monthly. Choose to place the payments on auto pay that deducts directly from a bank account or pay manually via check, money order or credit card.

Who Does it Cover?

A burial insurance policy can cover your funeral expenses. You can also purchase coverage for your family members. Check with your agent to be sure your policy covers the burial expenses for you and your loved ones.

Burial insurance gives you peace of mind since it covers the cost of a burial for you and your family members. Talk to a licensed agent today as you plan for your future.
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