Burial insurance is also known as final expense insurance, preneed insurance, and memorial insurance. Different types of plans are available for this insurance and people can insure all their burial proceedings with the help of such insurance. It is a form of life insurance, which can be for a particular term or it can be a permanent life insurance policy.
Benefits of Burial Insurance
There are many benefits of the burial insurance, which are as follows:
It is very easy toget the burial insurance or funeral insurance as people do not have to go through any medical examination. The applicants have to tell about their smoking history, age, serious conditions that they ever have gone through, any current serious conditions, etc. More information about final expense insurance on Choice Senior Insurance.
Burial insurance can be purchased for a small amount whose starting point can b $5,000 or even low. Life insurance has more cost and it also has more benefits in comparison to the former. The premium that the insured has to pay is also low.
The insurance can be claimed easily because as soon as the insurer comes to know about the death of the insured, it provides the funds that the insured had given for insurance.
Features of Burial Insurance
There are many featuresof burialinsurance, which are discussed here.
- This insurance is mostly availed by senior people. They buy this insurance in order to save their loved ones from the cist of burial and otherfuneral charges.
- People can avail it easily as there is no medical examination and some companies provide it instantly.
- Beneficiaries get the benefit of burial insurance and it can also be claimed easily.
These are some of the features and benefits that the customers could avail by purchasing burial insurance. The insurance is approved easily and can be claimed easily. It is mostly available for senior citizens.