Why Should You Have Burial Insurance?

Woman talking to a funeral director
Spread the love

Many people say that when you die, your problems will be buried along with you. You won’t need to deal with the hardships of life anymore. This may be true, but what about your loved ones or those who will be left behind? How are they going to face the coming days without you? Are they ready for the challenges that may arise during your absence? If you are not prepared, your family will suffer from the financial consequences of your death.
Funeral costs in the U.S. range between $7,000 and $10,000. This is the reason some people feel that they should plan early to reduce the financial burden on their loved ones when they pass away.

If you plan to be buried in Utah, a burial insurance may cover the cost of a funeral service in Clearfield or Salt Lake City. Lindquist Mortuaries and Cemeteries explains that funeral insurance isn’t entirely different from life insurance policies, but there are some considerations to take into account before buying one.

Expenses Covered

The best way to determine if you need burial insurance involves your ability to pay premiums. Do you have the financial capability to handle the payments? Term coverage from a life insurance policy may be cheaper, but ask yourself if it would take less than 10 years to save $10,000. In this case, spending on your funeral from your own pocket would be a better option.

Those who have no illnesses may quality for universal life insurance, which covers you until the age of 121 or an agreed-upon age on the policy. Choose the right policy based on your needs, income, and funeral preferences. Talk to a reputable funeral planner about the things you want to include in your plan. They can help you find insurance that covers all your wishes. This can ensure that your surviving family members won’t feel the financial burden when you’re gone.

Money-Saving Ways

Funeral director explaining burial package

While funerals cost at least $7,000, it shouldn’t be the standard for everyone. A simple price comparison lets you know about the different rates in your state, which may vary based on where you live in the U.S. The law requires funeral service providers to offer quotes when you call to inquire about their packages. Ask what’s included in each package, as well as which service you can include and how much it will cost you.

Since caskets are among the main expenses, don’t buy the first one you see. If you plan to be buried within two or three days, you may opt to forego the embalming process.

The need for funeral insurance depends on your financial goals and objectives. A separate savings fund for this expense remains the best option, but confronting the subject of death is a key issue, which is why some people are reluctant to discuss it. It’s ideal to prepare for the inevitable and leave your loved ones with fewer problems to worry about. Choose a company that can provide you with the best funeral service and insurance coverage.

Spread the love


    Connect with Us

    Scroll to Top