If you’d like to provide a way for your loved ones to pay for your funeral and other end-of-life expenses, a burial insurance policy may be just what you need.

What Is Burial Insurance?

Burial policies are life insurance policies that are customized to make them ideal for paying funeral expenses and other bills that you may leave behind when you die.

How Is Burial Insurance Different From Life Insurance?

Let’s first define life insurance before talking about how burial insurance is different.

When you buy life insurance, you pay a regular premium in exchange for a cash sum that will be paid to your loved ones if you die when the policy is in force.

Burial insurance is different because…

  • You can get a much smaller amount of coverage: Life insurance policies can carry $1 million or more in coverage. Burial policies can range from $1,000 to $25,000 with some companies offering up to $40,000. This lower range of coverage options means you can get just what you need and pay much less in premiums.
  • Your health isn’t as big a factor: Life insurance premiums are usually based on your health. The healthier you are, the more likely you’ll qualify for coverage and get a favorable rate. With burial insurance, the underwriting process looks much more favorably on health issues. Also, there’s no need for a medical exam. Your insurance company will categorize your application based on your questionnaire. (More on this below.)
  • Your policy won’t expire: Many life insurance customers opt for term coverage, which lasts only until they reach a certain age. Burial insurance remains in place no matter your age, as long as you pay the premiums. That way you don’t have to worry about outliving your coverage.

If this sounds like a product that meets your needs, keep reading our post on how to find burial insurance that best fits your needs.