“Burial insurance” is one of the most-searched terms in this space, and one of the most misunderstood. Here’s what it really is and how to get the right coverage at the right price.
Burial insurance is final expense insurance
Burial insurance, funeral insurance, and final expense insurance are the same product under different names: a small whole life policy, usually $5,000-$25,000, that pays a tax-free benefit. It never expires while premiums are paid, and the premium is locked in for life.
What affects your premium
There is no single price, and any figure quoted before an application can be misleading. What you pay depends on several factors: age, health, the coverage amount you choose, the insurance carrier, and how each carrier underwrites your application. Because insurers weigh these differently, two people with similar situations can receive very different quotes.
How to avoid overpaying
Two identical applicants can get very different quotes because each insurer underwrites health differently. The way to win is to compare carriers and be matched to the policy type you actually qualify for. An Advocacy Specialist can walk you through your options with no pressure and no obligation.
