Is there a difference between final expense                                        insurance and burial insurance?

  

Help your family deal with death expenses.
 

Losing a loved one is an extremely difficult experience. Picking up the pieces while dealing with the accompanying emotions can be stressful. There are also many expenses associated with death that can, on average, exceed $8,500.

Without a final expense life insurance policy, most families have a hard time coming up with these funds quickly. Final expense life insurance can save families from having to withdraw from their savings or sell precious assets to come up with the necessary funds required to bury a loved one.

What is final expense benefit?

Final expense life insurance is a type of coverage that provides funds for the cost of a funeral, burial, and other related expenses that are considered to be one's “final expenses.” This coverage is sometimes referred to as “burial insurance” or “funeral insurance.”

Final expense insurance is designed to cover the bills that your loved ones will face after your death – think medical bills and funeral expenses.

How much is a burial policy?

Burial/Final Expense policies are typically purchased in the $5,000 to $25,000 range, though many companies offer up to $50,000. As with all insurance, the cost is based on your age and health when you start. Clients often tell us the cost is higher than they anticipated.

Do life insurance policies cover funeral costs?

If you don't use the life insurance or other sources to pay, then know that the final expenses, including the costs of a funeral and burial or cremation, are generally paid out of the estate of the person who died -- if there's enough money and property of value to cover the bill.