Is Burial and Final

Expense Insurance

a mystery to you?

Burial and final expense insurance protects your

loved ones from financial burdens when you pass.

However, understanding your options is

complicated. Fortunately, this information will help.

You’ve probably heard of burial insurance, final expense insurance, and funeral insurance, and wondered what they are. The truth is that these are all the same. They are just different names for the same kind of insurance. This insurance pays people you designate — your beneficiaries— money when you pass. This ensures that they can afford the cost of your burial and final expenses.

Burial Insurance is Whole Life Insurance.

Whole life insurance is a policy that has monthly payments and that lasts for a lifetime. Unlike other kinds of life insurance, like term life insurance, it doesn’t expire until you pass.

There are several things you should know about whole life insurance:

• There are fixed monthly payments for life.

• The policy will not expire, regardless of age.

• The payout never decreases.

• The policy builds cash value as you make payments. This cash can be borrowed from during your lifetime.

Illness won’t stop you from getting a policy.

If you or your spouse has a major illness, you may think you can’t get a burial or final expense policy. But you can! In fact, these policies are designed to be available to people who have health problems.

The best way to find out if you qualify for a policy is to apply with an independent insurance agent. You won’t have to provide any medical records. However, some applications may ask questions about your health.

You don’t have to spend a lot of money.

Did you know that you can get burial or final expense insurance with low coverage options?

Some insurance companies allow people to buy policies that pay out as little as $1,000. This means you have lots of options when it comes to finding a plan with monthly payments you can afford. When it is time for the policy to pay, your insurance company will pay the benefit to your beneficiaries tax-free.

Get help from an independent agent.

Independent insurance agents aren’t tied to a single insurance company. This means that they can find you the best policy on the market.