Best Burial Insurance in Florida

Burial insurance,is a financial tool you can use to lessen or eliminate the common financial burden placed on your heirs for the funeral service and the last few medical bills.

Often a whole life insurance policy or similar financial product is used.

But it has a relatively low death benefit. These whole life policies are often much higher in cost than a regular, term life insurance policy, however, they are designed to last for your entire life. The death benefit is also a fairly low amount, considering what may be needed in the future.

Final Expense insurance or “burial” or “funeral” insurance is a life insurance policy with a low face, value typically in the $5,000 to $30,000 range.

A final expense policy comes in different forms, either term or permanent and depending on the company may have medical or age limitations. However, the growing demand for Burial Insurance has more companies adding policies to cover more people.

Medical underwriting is often simplified and easy making these plans easy to purchase. The proceeds can be paid to the deceased’s estate, a named beneficiary, or a funeral home of choice.

With almost all policies, insurance premiums will not increase over time. Owners can pay monthly, quarterly, semi-annually, annually or by single premium. The overall cost will usually be less when the policy is paid for annually or all at once.