If you are worried about the financial stability of yourself or your family in the event of someone's passing, then burial insurance is an affordable approach that can be taken to lessen the financial burden that can happen when trying to keep up with all the costs associated with the passing of a loved one.
The average cost of a funeral in the United States is well into the thousands, and many people find themselves without the savings and resources to help them get through this financial burden. However, it is important to understand that burial insurance is an affordable solution to an otherwise very costly problem we may face in the future.
The following are ten reasons for choosing burial insurance can help you financially and emotionally.
It is affordable
Many often wonder if this type of insurance coverage is actually affordable. The answer to this is a resounding yes. As long as you know where to look, you can find more than affordable burial insurance policies. Many turn to independent agents for their insurance needs while others choose to shop around with major carriers to see what their options are.
Easy to apply with easy approval
If you or your loved one have experienced any kind of health issues, you can still apply and receive easy approval for burial insurance. Your current health condition doesn't matter for this type of coverage, and no health questions are required for approval. You can also now go through the entire application process online easily or obtain a policy through the mail or over the phone.
Offers flexible coverage
Burial insurance allows you to customize the experience for yourself. If you choose to do a cremation rather than a burial, for example, the burial insurance will cover it. There are several reasons you can use your burial insurance, and the decisions are left up to you.
Helps cover expensive funeral costs
The average cost of a funeral in the United States these days can cost upwards of $8,000. Many people don't have these kinds of funds in savings to cover these expenses. Burial insurance coverage varies, so you can get as much or as little coverage as you feel is necessary to cover your final expenses. If you think you will require more coverage, then the option is available.
Offers coverage for direct cremation
Due to the rising costs of funerals, many are now opting for cremations because they are a more affordable option. Burial insurance will help cover this expense, and there is no minimum to meet in regard to your direct cremation services.
It is an act of love
Purchasing burial insurance is a good way to protect the financial stability of your family in the event of your passing. You would have taken it upon yourself to make sure the arrangements have been made, and the expenses are covered.
Helps solve your estate problems
Burial insurance plans can leave a significant cash benefit to family members, which can help end any problems with family fighting over the estate.
Help pay off your mortgage
Many have found burial insurance to be a mortgage payment protector. It allows the family to continue to make the payments without the stress and pressure of possible foreclosure.
Don't have to deal with insurance salesmen
You no longer have to have face to face interaction in order to purchase a burial insurance policy. Simply find your quotes online and choose the coverage you want.
Get the coverage amount you want
Not everyone needs a large coverage amount for their final expenses. With burial insurance, you can have an elaborate funeral or something simple and affordable. It is entirely up to you and your wishes.