We don’t like to talk about death very often, therefore we’re often surprised by how much everything can cost. Headstones, flowers for the funeral, a casket or urn, labor fees to dig the burial site or run the cremation services—all of it adds up. Losing you will be hard enough for your loved ones, so if possible, you’ll want to help them avoid any financial stress surrounding your death. This is where burial insurance comes in.
What is Burial Insurance?
Burial insurance is a type of life insurance policy that covers burial, cremation, and/or funeral expenses through a “death benefit,” usually ranging anywhere from $5,000 to $25,000. You might think $25,000 is an awful lot, but there are a lot of potential expenses that could accompany your death, and a burial insurance policy can cover more than just you; it can apply to anyone or everyone in your family.