How does it cost for funeral insurance?
Funeral insurances are available in the different price range by the best funeral insurance companies. You can find it between $10,000 – $15,000 on average. Based on your budget and requirements, you can choose the insurance which is best for your financial condition after consulting with the representative of the insurance companies.
Best Funeral Insurance Companies
Some individuals also apply for the $20,000 priced insurance costs according to the expected expenses in their funeral functions.
- Mutual of Omaha
- American National
- Baltimore Life
What is the Best Funeral insurance covering up to $15,000?
You can find different types of burial insurance based on the requirements but it is essential to choose the right one for your funeral expenses. There are various best funeral insurances over 70 which come under the bracket of $15,000 and below.
These include Aetna, AIG, Assurity, The Baltimore Life, Foresters Financial, United Home Life Insurance, Sagicor Universal Life Insurance, Phoenix, and Fidelity Life. You can opt for any of these insurance companies for your funeral insurance policies.
These are the best funeral insurance companies which are useful in case you are planning to insure yourself with the funeral insurance. You can discuss your requirements with the respective insurance company to finalize one insurance policy as per your expected benefits.
What is the difference between life and burial insurance?
Life insurance is designed to serve your financial requirements whenever required whereas burial insurance is specially designed to ensure that the funeral expenses of the individual are fulfilled when the person’s family members file for the amount to the insurance company.
In case of the life insurance, your spouse or family member will receive a lump sum amount in your absence which will help them to secure their near future by burial insurance for seniors.
In case of the burial insurance, it will pay you only for your after death expenses which your family members can get from the respective insurance company. Burial insurance is known to be helpful as it does not expire until the death of the person. Burial insurance, therefore, does not provide any options. Life insurance provides different options based on your capacity to pay insurance and period you want to continue paying for the respective insurance.
Can I get burial insurance for my parents?
Absolutely! First of all, your parents will be too proud of you after knowing your noble thought. You need to discuss with your parents regarding their expectations for their funeral functions.
This will help you to estimate the amount which you will invest in the burial insurance you will buy for your parents. You can insure both of your parents separately to ensure that there are a good amount of funds available to you. You can take your parents to the chosen burial funeral insurance company and get them insured. Search for the best ones and finalize with the company which provides you the best one according to your expectations.
Thus, the best funeral insurance companies will assist you in the best possible ways to find suitable funeral insurance for your parents.