Is Burial Insurance Worth It?

Burial Insurance

Burial insurance not only covers the costs associated with burials, but it can be useful for other debts your family may face after your death. By considering burial insurance, you are considering a safety net that can be financially useful for your loved ones so they are not left with big financial costs.

So, is burial insurance worth it? Here are several reasons as to why you should consider it:

Reason One – You can easily qualify

Your premiums will be lower than other types of insurance, you don’t have to have a medical exam, and you’re a short questionnaire away from ensuring your loved ones will not have to worry about their financial burdens.

And as far as your policy goes, the premiums will never go up, and your death benefit will never go down.

Reason Two – Unexpected exorbitant expenses can happen at any moment

Relying on savings to cover all costs is based on the assumption that you won’t have any costly emergencies from now on. Bills don’t have a time limit on how quickly they can rack up. And once your savings have been depleted, how are you going to have enough left over to cover your funeral expenses and beneficiaries?

Your choice boils down to two different options:

  • Your loved ones will come up with the costs themselves.
  • Or, you can provide your family with up to a $50,000 financial cushion to fall back on. 
Reason Three – There’s more than just one policy to choose from

Burial insurance isn’t one-size-fits-all; you can find an option tailored to your specific wants and needs.

Types of burial insurance you can get:

  • Guaranteed issue – Your medical conditions, no matter how serious, will not disqualify you from joining the policy. You won’t even have to answer any health questions. Your benefits begin after a waiting period, typically between two to three years. If you die before the waiting period, your beneficiaries will not receive the death benefit. On the other hand, that does not mean this policy is a sunk cost. Your family will receive the amount you paid in premiums, and with certain policies, they may also get an additional 10% interest on top of what was refunded to them. Qualifying age is normally between 50 to 80 years.
  • Graded benefit final expense – Your beneficiaries receive a percentage of the death benefit if you die during the waiting period. Your beneficiaries will get 30-40% of the death benefit if you die during the first year, and 70-80% if you die during the second year.
  • Standard – Standard final expense insurance offers immediate coverage, so the death benefit can directly go into effect instead of requiring a waiting period. You are more likely to get it if you do not have any serious health conditions. The premiums will be slightly higher than the other two options, but you will also be likely to get a greater amount for your death benefit. 
If you have any questions

If you have any questions, call us today at 1-877-674-0236. We can help you determine the best options for your specific needs and budget.

Get a free Quote


Products and services are provided exclusively by the providers. Descriptions are for informational purposes only and subject to change. Insurance plans may not be available in all states. By submitting your phone number, you are giving Final Expense Direct permission to communicate with you via phone call, automatically-sent text message, and/or email.

We are not connected with or endorsed by the United States government or the federal Medicare program.