Our own mortality is not something most of us want to be faced with or think about. Whatever your current age, thinking about your own demise is not exactly the happiest of thoughts, but it is a reality we are all faced with. All of us will pass away at some point, and it may be suddenly or unexpectedly. None of us want to leave those who survive us with an unexpected and unnecessary financial burden because of an untimely death. A burial insurance policy can relieve us of that concern.
Here are a few simple features and benefits associated with maintaining burial insurance.
People Ages 20-86. Before you dismiss such an insurance policy because you are too young, remember that accidents and unexpected illnesses can occur at any time. Surely there has been someone in your life who left this world long before their time.
Low cost. Because this insurance is designed to cover your burial and funeral arrangements without all of the other provisions a full or whole life policy might carry, it is a very cost-effective solution. Upon obtaining a burial insurance quote, you might be surprised at the low monthly premium for such coverage.
Does not impact other insurance policies. Some might question why they would want or need a burial insurance policy if they already maintain a life insurance policy. It is added coverage so that the life insurance payout is undisturbed by final expenses. The life insurance benefit might already be earmarked for paying off a mortgage, providing for a spouse, educational expenses for children or grandchildren, or simply as a heirloom left for the children. By maintaining separate coverage for final expenses, those funds in the life policy can remain untouched.
For those who do not carry a life insurance policy, it is even more important to look into obtaining a burial policy. Nobody wants to leave this world as a burden to their family or loved ones. A burial policy can be purchased if you are in perfect health or even if you are facing certain health risks. It is a great way to take on the financial responsibility of your funeral arrangements and ensuring that the money is there for your final wishes to be carried out.