This is a sponsored post, which was provided by Aaron Smith.
No one likes thinking about death. However, it does happen eventually.
As you get older, you have probably started thinking about what will happen to your possessions.
You might have even started thinking about whether you would prefer to be buried or if you want to be cremated.
Have you started thinking about who will cover the costs of your funeral? Your death is not only an emotional blow to your family, but it can be a financial one as well if your family is not financially prepared to handle funeral expenses.
This is where burial insurance comes into play.
The Costs of a Funeral
Funerals are expensive.
The average cost of a funeral today ranges between $7,000 and $10,000. These costs generally include the cost of the funeral director’s services, a burial in a cemetery, and a gravestone.
If you want things like an obituary, flowers, and programs, the costs go up even higher. Then you have to take into account the final expenses, such as outstanding debts, cleaning out the house, and other miscellaneous expenses.
All of these costs add up, and they add up quick.
Protecting Your Loved Ones
Your passing will cause a significant amount of emotional pain for those you leave behind.
Your spouse, your children, your grandchildren, and other close family and friends will all be dealing with the blow of your loss.
As if that was not hard enough to cope with, now your family is having to deal with the stress of planning your funeral. Without any way to pay for it, this could leave them in a huge financial bind.
A burial insurance policy will be a big help during such an emotional time and helps to ensure that your family will not be left bereft after you pass.
Burial Insurance Covers All Costs
Burial insurance is there to cover all expenses related to your funeral and burial (or cremation).
The policy will help your family pay for everything, including the coffin or urn, the memorial service, your burial, and even all of the small details like programs and flowers.
While burial insurance is designed to help pay for your funeral, any leftover money from the policy can also be used to help take care of any debts you may leave behind, such as loans and credit cards.
Again, this can be a big help to your family, who might not have any other way to cover the costs of not only your funeral but also the costs of your current financial obligations.
Why Not Life Insurance?
When you are younger, working, married, and possibly have children, you often hear a lot about life insurance policies.
Life insurance policies are there to help your family by providing financial assistance in the event that something happens to you. When you are older, you’re not working, and your kids are grown, a life insurance policy doesn’t make as much sense.
Additionally, life insurance policies often require a medical exam. When you are young and healthy, your premiums tend to be lower. However, as a senior who may have some health issues, you may end up paying quite a bit, if you get coverage at all.
Burial insurance is a type of life insurance, but it is specifically designed for older individuals. These types of policies ask some basic health questions, but they don’t require an actual medical exam.
The premiums for these policies are also much more affordable than a traditional life insurance policy, which can be a great relief for seniors, especially if you are living on a very fixed budget.
Funerals are expensive. Don’t leave your family financially struggling while they are hurting emotionally from your loss.
With burial insurance, you lift the financial burden of your funeral off of your family, which can be a great comfort while they grieve.
Are you ready to get a burial insurance? Do you think that such insurance is valuable?