How to Buy Burial Life Insurance Online
Funeral costs have been on the rise consistently for the past 30 years, according to the National Funeral Directors Association. The average funeral costs $4,500 to $5,500, with a third of that spent on the casket. The American Association of Retired Persons has stated that a burial is one of the most expensive purchases that a senior citizen will make. So what can be done for pensioners living on a budget? Burial insurance is one option.
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Instructions
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Decide what you would like the burial insurance to cover. Burial insurance often is called "preneed Insurance" and is generally custom-fitted to an individual's needs. Some of the things that it can cover include casket, cremation services, embalming, cemetery marker, hearse, flowers and grave site.
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Check on the license of the insurance agent as well as the funeral director to make sure that the insurance policy will be respected. Funeral homes are required by law to give a written price list for services. However, they are not required to give guarantees, so the prices may vary and your insurance may not completely cover the costs. Make sure that your policy can be moved to a different funeral home in the event that you move.
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Get a quote online. Forethought Financial Group Inc. is one of the biggest suppliers of preneed insurance. Its site can be found at forethought.com. (See References.) Go to "Planning tools" and fill out the information. Click on "End of Life Planning." Fill out the information and click "Save and Continue." You will then be provided with a quote.
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Get a quote at globetermlife.com, a website of insurer Globe Life And Accident Insurance Company. (See References.) The first month is $1 and after that it comes with a 30-day, money-back guarantee. The coverage is generally for between $10,000 and $30,000.
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