Headstones and grave markers aren’t accessories people browse through like purses or shoes. These are the symbols of a loved one’s memory and act as the focal point for families when they visit a loved one’s grave to maintain a connection with that person after death.
Burial insurance, also known as final expense plans, is a type of permanent insurance. Unlike term life insurance and other life insurance policies, you don’t normally have to undergo a medical exam. If you are on a fixed income and have been turned down for a term life insurance policy, burial insurance is an option to ensure your funeral planning outcomes. Whatever you decide, make sure you research the insurance company, the type of policy, and speak with honest and credible experts to know if the policy you choose is right for you.
To determine which policy works best, people want to educate themselves on all aspects of the policies and speak with insurance experts. Sometimes, people may choose the wrong type of insurance and find themselves in a bind when insurance companies fail to release funds on time, or release partial benefits only.