Final expense insurance helps your loved ones pay for funeral expenses, and it provides you with peace of mind in knowing everything’s covered.
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Burial insurance is a tool you can use to help your loved ones pay for your final expenses. It is considered a type of life insurance policy, but it offers a smaller benefit amount than traditional term life insurance because its focus is smaller. As with all insurance, the cost is based on your age and health when you start. When you take out a burial insurance policy, you intend to shield your loved ones from the complications of paying for your final expenses. Regardless of how you intend to be celebrated, you’ll want some funds set aside because all of the final arrangements – like a casket or urn, memorial services, flowers, catering, and headstone and burial plot – add up quickly. This type of policy eliminates the need for loved ones to pay these expenses out-of-pocket.
*Rate calculated for a 50 year old woman from Washington state with a $6,000 policy. Actual rates may vary