Is Burial Insurance Cheaper than Life Insurance?

There are so many confusing terms when it comes to shopping around for a burial insurance plan. In this article, we will review the different terms, what they mean, and how you can be armed with the knowledge to help you make an educated decision.

Is there a difference between burial insurance and life insurance?

The short answer is NO. Burial insurance is a type of life insurance that does not require an exam, it is typically a lower death benefit than traditional life insurance, and it lasts for your entire life (as long as you are paying your premiums).

Burial insurance plans are small, whole life insurance policies, structured to help pay for your final expenses. These policies range from $2,000 to $40,000. Your loved ones receive the death benefit, and they can use those funds to cover the cost of your burial, funeral, cremation, flowers, medical bills, etc…it is up to them!

Unlike life insurance, there are no medical exams, needles, blood pressure checks, or anything like that. The burial insurance company uses your answers on the application, as well as a series of database checks, to determine eligibility. Our job at Burial Insurance Today is to match your unique needs with the lowest cost burial insurance plans in your state. There is no need to look elsewhere!

Does Burial Insurance Expire like Term Life Insurance?

No! Burial insurance plans are whole life insurance policies. They are structured to cover you for your Whole life. They do not expire after 10, 15, or 20 years like term policies do. This is why term policies tend to be cheaper than whole life policies–most people outlive the term and they end up with NO coverage. We are passionate about helping clients who have old expired term policies that still need some sort of death benefit for their loved ones.

What if I need more than $40,000 of Burial Insurance?

Some people have larger needs than others, and a single policy is sometimes not enough. In these situations, we would stack multiple policies with different carriers in order to meet your needs. Since we have access to all of the top A rated carriers, there are always multiple options to pick and choose from. If you are very healthy, then it’s possible that you could be eligible for a fully underwritten life insurance policy. Our expert agents have the experience to pivot from a burial policy to a life insurance policy where and when applicable. Our goal is for us to meet your family’s needs and that the plan is affordable and within your budget.

Summary

When it comes down to choosing between a burial insurance policy or a life insurance policy, the folks at Burial Insurance Today can help! They take the time to truly get to know their client’s needs and final wishes. They believe that matching a plan to your desires and most important, your budget, is paramount. Don’t put this off another day, call us at 1-800-914-4660 or fill out the form on the right.