What Happens When One Dies With No Burial Insurance?

Next Video:
What Is a Dividend on an Insurance Policy?....5

When it comes to burial insurance, not everybody has these policies in place. Find out what happens when one dies with no burial insurance with help from an expert at Combs & Company in this free video clip.

Part of the Video Series: Insurance Questions Answered
Promoted By Zergnet


Video Transcript

Hi, my name is Susan Combs, and today we're going to talk about what happens if somebody dies without burial insurance. When it comes to burial insurance, not everybody has these policies in place. If somebody has kind of you know, done their estate planning and things like that then usually they will have a policy that they have purchased through the funeral home that they plan to have their services at when they pass away. This is usually a premium that is not very expensive and it takes care of the burial expenses as well as the service expenses when you pass away. If you don't have a policy like this in place, then the burden is really going to be left on your family. So people wonder like where do we get the money to pay for this. A lot of times if there is a life insurance policy in place, the family members will take a portion of that life insurance policy and pay for the services. If there is no life insurance in place, then the family is either going to have to pay out of pocket themselves or there might be other additional benefits from social security as well as VA benefits that can take care of it for you. So the main thing to know is I mean I think funerals are costing on average 10 grand now, so you really need to know is it worth having a burial policy in place to take this burden off of your family or if it's something that you are not so concerned about then you know you can look at passing this risk onto your family.


Related Searches

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!