Friday, April 23, 2010

Family Burial Insurance

Can I buy family burial insurance, and if so, what companies offer burial insurance coverage?

In order to buy life insurance or burial insurance on another person, you must have "Insurable Interest" in that person.

There does exist insurable interest between parents and their children, spouses, siblings, and business partners.

So, yes you may be able to buy family burial insurance on the members of your family.

When applying for the coverage you may need them to answer a few health questions, and a signature may be required.

Usually, burial insurance plans provide a small amount of life insurance from $5,000 to $25,000, to help pay for the burial and final expenses of the insured person.

There are several insurance companies that offer burial insurance policies, including Globe Life Insurance, Colonial Penn, and Mutual of Omaha.

For example, Globe Life Insurance offers people age 78 and under up to $30,000 of simplified life insurance with no medical exam needed, to help pay for your burial expenses.

Here's how to learn more, and get your free quotes for Family Burial Insurance.

NEW! Here’s How to Buy up to $500,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.


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