Burial Insurance

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Burial insurance is a term or whole life insurance policy that is issued to arrange the satisfactory funds fundamental to pay for ones final funeral expenses, and possibly, depending on the amount of burial insurance purchased contribute some extra funds to provide for any individual debt the deceased person might leave unpaid as well.

We will touch on three uses of burial insurance, and three benefits of burial insurance.

First the most visible reason, the primary reason for buying burial life insurance policy in the first place is to furnish the suitable funds  for a proper burial in the event of a death. Some of these expenses will include; a funeral plot, a coffin, headstone, flowers, medical costs associate with the death, and the funeral home’s fees, among others.

Second is the ability to acquire up to $50,000 in death benefit insurance coverage. Many final expense insurance companies will authorize the insured to buy enough burial insurance to not only cover the total cost of a burial, but they will approve the insured to buy adequate funds to provide for any final bills they may leave behind in the process. Some examples of these debts may include; a mortgage balance, any credit card balances, or maybe there is an outstanding car payment that will need to be paid off.

Finally, another use of a burial life insurance policy would be to provide enough funds to be passed on to a loved one or family member who could put the money to good use. You could start a college education fund for the grand kids for example, or even will some money to your preferred charity or local community. The proceeds of a funeral expense policy can be used in any direction the policy beneficiary sees fit.

Now, three benefits of purchasing a burial insurance policy.


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First, the survivor benefits of a funeral expense policy are paid out to the beneficiary on a tax free basis. That means that whomever you wish to receive these life insurance proceeds, will not have to pay any income tax on those benefits they are paid.

Second, you can purchase a burial insurance policy even if you had a fatal condition or disease that would not allow you to purchase a preferred life insurance policy. Some examples of this would be a cancer patient, a diabetic, or somebody who suffers from heart disease. This kind of individual would not only be a great candidate for a burial insurance policy, they would be guaranteed to be able to buy a final expense policy.

Finally, there becomes a certain comfort that comes with the knowledge that upon your death, your family and loved ones will not have to struggle financially in the event of your death. Your family will already be struggling emotionally dealing with their loss, arranging the money they will need you your burial, and final expenses will be one less burden they will have to endure in their time of loss.

So, there you are, three great reasons why you need to purchase burial insurance and three great benefits as the result of purchasing burial insurance. Whether you call it burial insurance, burial life insurance,  Final Expense Insurance, or  Funeral Insurance, the use and purpose are all the same, arranging the necessary funding at the time of its greatest need.

Burial Insurance free quote: http://www.mintcofinancial.com/life-insurance-quote.asp


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