How to Purchase Burial Insurance
Burial insurance is essential to help your family give you a proper burial once you pass away. Since anything can happen, it's never too early to start thinking about purchasing burial insurance either. Don't allow your family to be stuck paying for your burial if you don't have a burial insurance policy. Use these steps to learn how to purchase burial insurance and consider getting a policy today.
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Instructions
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Start researching burial insurance policies now. With many policies, you pay a smaller premium if you start young. Many insurance companies also include burial insurance as part of their life insurance plans, so you may already have it. Check with your current agent before buying a new policy.
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Plan your own funeral. As morbid as this sounds, it will help you determine how much you will need to bury you the way you want to be buried. Funerals cost thousands of dollars these days and the more frills you have, the more it's going to cost. If you don't want your funeral expenses to be a burden on your family, make a list of the stuff you want and the estimated prices so you can get a policy that's more than enough.
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Contact an insurance agent. If you already have one, you should use your current insurance agent because they may offer a discount for you as an existing customer. Tell the agent that you want to buy a burial insurance policy so they can make suggestions and show you the types of coverage available.
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Name a beneficiary. This may be the most important decision you'll make in regards to your burial insurance. You can pick anyone that you choose, though most people choose a close family member, friend or charity.
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Read the policy carefully and make any necessary changes. Keep your insurance documents in a safe place where others can get to them in the case of your death.
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Alert your family and friends about your new preparations. This will ensure that the funeral goes as planned and that you get buried the way you wanted to be. You don't need to go into details but let some people know where you keep your insurance documents so your coverage doesn't go to waste.
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Tips & Warnings
Speak with the funeral home that you want to handle your arrangements. They may be able to give you some tips for purchasing burial insurance.
Ask advice from your family and friends when thinking about burial insurance. They will undoubtedly want to be involved in the process of your final goodbye.
Don't let your insurance policy lapse. This will just cause undue stress on your family when it comes time to pay for your funeral.
- Photo Credit http://www.flatrock.org.nz/topics/new_jersey/assets/cemetery_overview1.jpg
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Comments
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Ghoov
Oct 13, 2008
I would recommend that a person purchase insurance through a funeral home representative who holds a life insurance license issued by their State Insurance Commissioner. The funeral home will "lock in" mortuary and merchandise charges at the time you sign up. Standard life insurance does not lock in prices and not only will your family have to pay whatever the going rate is at the time, the benefit may be delayed until the certified death certificate is created. You can even set aside a little bit to cover non-guaranteed items that the funeral home has no control over such as death certificates, sales tax, flowers, and travel expenses.
