Funerals aren’t cheap. The cost of an average funeral can leave your family with a tsunami’s worth of sticker shock. So how can you make sure that your loved ones won’t get stuck with a big bill for your funeral expenses? Solution? Burial Insurance.
Death is not a subject that most people want to talk about. We get it. But whether we like it or not, death is a certainty. That being said, there’s also something else that’s certain…the high costs of a funeral. How high? If you go to the National Funeral Directors Association (NFDA) website, you’ll get a pretty good idea. Warning: prepare yourself for some sticker shock!
The average funeral could easy cost over $10,000! Do you have $10,000 lying around in loose change, stuck deep in the crevices of your couch’s cushions? If not, how will you afford the cost of your own funeral? Or worse, will those left behind be buried in your unpaid funeral bills after you’re gone?
If the answer to the above question is “no,” may I make a suggestion? There is an easy and affordable solution to this problem: Burial Insurance.
What is Burial Insurance?
Burial Insurance (also known as Final Expense Life Insurance or Funeral Insurance) can help cover your funeral costs, so your loved ones are not left with a mountain of debt after you die.
Fact: Most families don’t have the financial resources to pay off the debt incurred by the cost of the average funeral. In fact, according to a recent personal finance survey, approximately 62 percent of Americans have less than $1,000 in their savings accounts. So do the math. If you only have $1,000 in savings, how can your family afford to pay for a funeral that could easily exceed $10,000? Not to mention outstanding medical bills, credit cards, etc.
That’s why having Burial Insurance is so important. This inexpensive policy can protect your loved ones from the financial burden that could incur when YOU die. And since we all die, having this type of Final Expense Life Insurance can help provide families with peace-of-mind and protect their hard-earned savings as well.
What funeral expenses does Burial Insurance cover?
This type of policy covers the typical costs incurred when one dies (i.e. flowers, casket, burial, etc.), and can also be used to help pay off many outstanding financial obligations left by the deceased (i.e. unpaid credit card bills, outstanding mortgage, etc.).
What are the policy amounts for Burial Insurance?
These type of polices range from face values of $2,000 to $40,000 (amounts vary, depending on the insurer).
Is this type of policy hard to get?
Not at all. And Burial Insurance doesn’t require a medical exam. All you have to do is answer a few health questions. With some insurance companies, your acceptance is guaranteed. The entire process only takes a few days. So if you’re between 45 and 85 years old…you’re good to go!
Will my premiums increase?
No. Your benefits will never decrease and your policy can’t be cancelled (as long as you pay your premiums on time), regardless of any future changes to your age, health, or occupation.
If you have any questions about this type of Burial Insurance, talk to us. At AccuQuote, we only represent the top-rated, brand-name insurance companies you know and trust.