Get Your Questions Answered About Funeral Insurance

What’s the difference between burial insurance and final expense insurance?

Burial insurance and final expense insurance are similar types of insurance that are designed to help cover the costs associated with end-of-life expenses, such as funeral costs, outstanding medical bills, and other expenses that may arise.The main difference between the two is the amount of...

What does burial insurance cover?

Burial insurance is a type of insurance that is designed to cover the costs of a funeral and other related expenses, such as the cost of a casket, a headstone, and transportation of the deceased. Some burial insurance policies may also cover the cost of a burial plot, cremation, and other...

How much does burial insurance typically cost and what is the coverage amount for expenses?

The cost of burial insurance can vary widely depending on factors such as the age of the person being insured, their health status, and the amount of coverage they are seeking.In general, burial insurance policies are less expensive than traditional life insurance policies because they typically...

Is there a waiting period for final expense insurance?

Typically, there is a waiting period for final expense insurance policies, during which time the policy is not in effect. This waiting period is known as the "contestability period" and it is typically two years (24 months) from the date the policy is issued. This means that if the...

What does the average funeral cost?

The cost of a funeral can vary greatly depending on a number of factors, such as whether the service is a traditional burial or cremation, the location of the funeral home, and the type of casket or urn chosen.According to the National Funeral Directors Association, the median cost of a funeral...

Can my life insurance policy be used to cover final expenses for my burial?

Yes, in most cases, life insurance benefits can be used to cover final expenses, including the cost of a burial or cremation. When you purchase a life insurance policy, you typically name one or more beneficiaries who will receive the death benefit payment when you pass away. The death benefit...

Can final expense insurance be combined with life insurance?

Yes, final expense insurance can be combined with life insurance. The two types of insurance serve different purposes, but they can complement each other well.Final expense insurance is a type of life insurance that is designed to help cover end-of-life expenses such as funeral costs, medical...

What are the top insurance companies offering burial insurance?

Burial insurance, also known as final expense insurance, is a type of insurance that is specifically designed to cover the costs associated with a person's funeral and burial expenses. There are many insurance companies that offer burial insurance, but some of the top ones include:American...