Burial Insurance, what you should know

Many people don't realize that it can cost upwards of
$7,000 for a funeral and final expenses. This does not
begin to take into account any outstanding credit cards,
personal debts, or mortgages a person might have. For most
of us, the idea of saddling our heirs with this burden is
not the way we want to be remembered. The answer for most
people is to obtain a Burial Insurance policy to cover
any outstanding bills and funeral expenses.

When you mention insurance ones mind often races with
questions; How will I know what to buy? Am I insurable in
the first place? How much will it cost? Where will I get
it? In order to properly answer these questions lets
look at them individually.

How will I know what to buy? - In order to truly say you
have a Burial Insurance policy it must be a permanant
policy, and by that I mean not a Term or Annually Renewable
type of policy. Those types of policies serve a different
purpose. In order to be considered Burial Insurance the
policy must last until at least age 100 assuming you pay
the proper premiums.

Am I insurable in the first place? - While some are lucky
enough to still be in excellent health later on in life,
there are still some not as fortunate. If your in
essentially good health, maybe a little high cholesterol
or high blood pressure perhaps, then you may qualify for
a Simple Issue Whole Life Insurance Policy. If thats not
the case however; maybe you have cancer or survived a
stroke or two. There is still hope for you! Guaranteed
Issue Life Insurance is made for someone in just that
scenario. Regardless of your current health condition you
will qualify subject to certain state and age requirements.

How much will it cost? Ahhhh the Million Dollar Question.
There is no short answer to this one, prices can vary
widely depending on the age you are applying as well as the
Death Benefit you are seeking. Policies range anywhere
from $3,000 to $50,000 in Death Benefit and premiums can
run from $5 to $1,000 per month.

Where will I get it? While most Insurance Agents can help
you with this type of Insurance policy there are some still
who do not handle this coverage. Luckily there are many
places to find information and obtain Free Life Insurance
Quotes right on the internet.

Hopefully you have learned some things about a sometimes
confusing and often misunderstood topic, Burial Insurance.