Tuesday, April 13, 2010

Is burial life insurance different from final expense life insurance?

My mom wants to buy burial insurance but is confused about the terms she sees on the internet.

She says she keeps seeing the term final expense life insurance on some of the websites. Please explain what the difference in these two terms is?

While many people treat burial insurance and final expense life insurance as the same since each is life insurance, they really are designed to be different.

Burial insurance usually only covers a persons burial costs when they die.

Final expense life insurance is usually purchased to cover burial expenses and other related expenses, like paying off some outstanding debts.

However, burial insurance and final expense insurance are both terms that refer to a low value, life insurance policy meant to provide money for your beneficiary to help pay for burial and final expenses when you pass away.

Most burial and final expense plans provide from $5,000 to $30,000 of life insurance coverage without any medical exam required. You may get a quote and apply for coverage online.

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