What Is It and Do You Need It?
Death is expensive. It may seem morbid to think of money related to the death of a loved one but funeral homes, cremation, headstones and smaller related expenses incurred can cause severe financial hardship on those left behind. The services required after death can easily cost thousands of dollars and are not an expense many of us are prepared to pay on short notice.
What is “burial insurance”?
Whole life insurance policies may contain a death benefit ranging from $5,000 to $25,000 that is referred to as burial insurance.
Why buy Columbia burial insurance?
The burial costs of one person or an entire family can be covered by a burial policy as it is intended specifically to cover funeral costs and burial expenses.
The amount of your burial insurance will determine how much you need to pay for a funeral and there are some burial insurance policies that help you lock in funeral costs at today’s prices.
What expenses does burial insurance cover?
- Casket or urn
- Cremation cost
- Embalming cost
- Headstone
- Hearse needed for your service
- Digging and filling in the grave
- Flowers
- Cost of the burial plot
Do I need burial insurance if I have life insurance?
When deciding how much life insurance they need, most people do not think to include funeral and burial costs and yet they don’t intend to burden their beneficiaries with burial expenses. If you don’t want beneficiaries to have to pay thousands of dollars in burial expenses from life insurance funds you provided, adding burial insurance is a practical option.
When should I purchase burial insurance?
Burial insurance, like life insurance, is less expensive when purchased at a younger age. Most young adults give no thought to burial insurance yet the best time to buy it is now.
See how easy it is to shop online for life insurance. Get your free Columbia life insurance quotes today!
