Burial life insurance as contradictory as it sounds has become an absolute necessity in this day and age because of the soaring costs for a burial ceremony. Right from paying for your own casket and being laid down in the ground, everything costs heck of a lot of money. Also, after you die, you leave behind huge expenses for your family to cover while they are grieving your loss. This is definitely not fair to them.
In addition, you could have your own preferences or choices on how your last rites should be performed, or what type of casket you would like. All these cost money and you should be prepared to pay those. A burial insurance policy would help to execute your wishes once you are dead and without leaving any burdened for anyone else. The funeral insurance allows you to make your own choices and pick anything you want in advance. Even the minutest details like the flowers can be determined while you are paying for the insurance itself.
However, nobody wants to think about their own death and everyone likes to live as long as they can. Keeping this in mind nobody knows when to start paying for a burial insurance and what if they overpay. Funeral and burial insurance is also called the pre need insurance and it covers the financial expenses, including the products and services required for covering a funeral. The main factor that decides the insurance is when the person needs to claim it. So to ease out the questions and summate it a person pays for the funeral insurance for a specific period of time only. Even after the term if the person is alive the amount is released on death.
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