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 end-of-life expenses.

Typically, burial insurance is a type of whole life insurance policy, which means that it is a policy that remains in force for the entirety of the policyholder's life, provided that the premiums are paid on time. The policy pays a benefit to the designated beneficiary upon the policyholder's death, which can be used to cover the costs of a funeral and other related expenses.

Burial insurance is often purchased by individuals who are concerned about the financial burden that their funeral expenses may place on their loved ones after they pass away. It can be an affordable option for people who are looking for a way to cover their end-of-life expenses without taking out a larger life insurance policy.

Last updated: January 10, 2023