Life insurance waiting periods help eliminate fraud

Why Is There a Waiting Period for Funeral Insurance?

Funeral insurance policies have a waiting period, which means that to get the full benefit amount, a designated amount of time must pass. That amount of time varies, so it’s best to check with your insurance provider and ask about those details before enrolling.

The Importance of Waiting Periods

Waiting periods help eliminate fraud and ensure that all insurance payouts are fair. By observing waiting periods, insurance companies know that policies were bought for fair reasons, and there’s less cause to believe that something suspicious is occurring.

Insurance companies weigh risk when offering individuals a policy. By including waiting periods in policies, the insurance company can assess the risk, and both parties are given a fair deal. Waiting periods also allow premiums to be cheaper and more accessible.  

How Funeral Insurance Waiting Periods Are Helpful

Whether or not you’d like to have an elaborate funeral, it’s still an excellent idea to pay for funeral insurance. Funerals can be extremely costly, something that many families don’t consider or aren’t prepared for. If you want to provide for your funeral costs and set aside some money that can go toward that, purchasing a funeral insurance policy is an excellent way to do so.

Funeral insurance waiting periods allow insurance companies to be comfortable when offering funeral insurance policies. Because they do this, many people’s families can afford to provide them with the service that they wanted.

Purchasing funeral insurance means that your family is prepared. Many people are unsure about what their financial situations will be like in the future, so purchasing a funeral insurance policy will make sure that your family can give you the funeral that you want. Purchasing funeral insurance can be a good time to start making a funeral plan.

Whether you have small or large plans, sharing them with your family means they’ll need to make fewer decisions during the time when they’re grieving. This is a gift that can relieve stress and ensure your funeral is the way you want it to be.

Need Help with Purchasing a Funeral Insurance Policy?

If you want to purchase a funeral insurance policy but don’t know where to begin, let us help! Determining what waiting period is appropriate when selecting a plan can be complicated, so we can assist with that process. At Final Expense Direct, our professionals are here to provide you with advice and help you select an insurance plan that will fit your needs.


Final Expense Direct’s utmost concern is the safety of our clients, their families, and our employees and agents. Our hearts, thoughts, and prayers go out to all that the Coronavirus outbreak has touched and those whose lives have been disrupted. While 98% of our workforce is working remotely, we are here if you need assistance. If you are a client, please contact Customer Support at 800-538-3610, Ext 2, with any questions in regards to your policy. You may also contact us via email at We will continue to monitor this situation and keep you updated.