4 Things You Should Know About Funeral Insurance

4 Things You Should Know About Funeral Insurance

Getting funeral insurance is a step that must be discussed by the family. This isn’t a typical topic, but it’s one of the most important things you should prepare. There are still a lot of people who are skeptic about this type of insurance. That’s why we’ve rounded up the essential questions and answers to help you through the process.


Funeral Insurance vs Life Insurance

The purpose of a life insurance is to secure your family once you die. This is important especially if you’re the head of the household. The insurance will provide financial assistance to your dependents. It’s also a bit costly because of the extent of the coverage of the insurance.

On the contrary, funeral insurance covers your funeral expenses. The fund will be released a few days after the death of the member. These are cheaper because of the limit of the policy’s coverage.

You can also choose a home burial coverage. It may sound new, but some states legalize the burial of loved ones on your garden. But you have to make sure that you get the appropriate permission to do so. Another thing to consider is its effects on your property, whether you’ll be selling it or for a mortgage.

How much does it cost?

An average of $8,500 is the cost of a traditional funeral. But the prices still vary according to the inclusions wherein it can go up to $10,000 if you’d like to include cemetery charges.

So, if you’ll be getting a minimum funeral insurance, which is $25,000, then you’ll surely get more from your insurance policy. This is cheaper compared to life insurance and even have a more flexible term.

Why does it matter?

This type of insurance is a very practical coverage. It is important because it ensures that your loved ones you leave behind doesn’t have to worry about your funeral services down to your burial.

Aside from this, if the death happens somewhere else, the company will refer the family to a partner funeral home. In this way, the coverage will still be included in the plan.

It is a practical way to prepare for death. Let’s all remember that death is inevitable. So, we might as well prepare for it and make sure that our families won’t be inconvenienced.

How to choose a provider?

Be very cautious in selecting an insurance plan provider. First, you have to make a background check of the company. Make sure that the firm and its agents are licensed.

Review the policy carefully. Let them explain it to you thoroughly. Ask the agent and the director or a price guarantee. Also, make sure to check for fees if you decide to discontinue on the plan.


Once you’ve gathered all the information you need, you need to discuss this with your lawyer with your family. Make sure that they know their rights and let your lawyer go through the policy.

A funeral insurance is a practical way of preparing yourself and your family from death. Just make sure that you get the best coverage possible for your own benefit.