According to the National Funeral Directors Association, the average cost of a funeral was $7,848 in 2021. Many people feel unprepared when planning a funeral, especially when it comes to the cost. 

One thing you can do to save money on a funeral is to invest in funeral insurance. Do you want to learn how you can compare funeral insurance quotes to find the best policy for your needs? 

Keep reading this guide for the top things you need to consider when comparing quotes for your funeral insurance. 

Consider Types of Premiums

One of the first things to do when comparing funeral insurance quotes is to consider different types of insurance premiums available for your policy. This will affect your overall cost, so make sure you understand what you are paying. 

For example, you may be charged a stepped premium, which is calculated each year and can increase over time. 

Leveled premiums are locked in for life, which means they will not increase as you experience changes in your health. 

Finally, you can choose capped premiums. These plans have a capped monetary limit. Once you have paid this amount, you will no longer have to pay monthly premiums for your coverage!

Understand the Final Price

Another one of the most important factors to consider when selecting funeral insurance is the price of the policy. Because everyone has different needs, there is no one-size-fits-all solution for burial insurance. This means that each different policy will have a different price. 

When you get a quote for your burial insurance, you will get a pricing estimate for your unique situation. Most burial insurance companies will provide you with an accurate estimate. This way, you can compare the final price between different policies to find one that fits your budget. 

Prioritize No Waiting Period and Exam

Finally, you should prioritize final expense insurance options that don’t require a waiting period or an exam. When you apply for burial insurance, some providers will allow you to receive your full benefits as soon as you make your first payment. 

Finding an insurance company that doesn’t require a waiting period will ensure that you get your benefits immediately, even if you pass away soon after starting your insurance policy. 

Some plans will also require you to take a medical exam before you can receive coverage. The results from this exam may lead to your application being denied or can increase your premiums. It is best to find a plan that doesn’t require either of these!

If you are looking for burial insurance with no waiting period, we can help!

Need Funeral Insurance Quotes? We Can Help

When you are planning for a funeral, funeral insurance is one of the easiest ways you can get peace of mind about the future. Learning how you can compare quotes for funeral insurance policies will ensure that you get the best policy for your needs. 

If you are looking for funeral insurance quotes, USA Life Insurance Services can help! We offer affordable burial insurance and can help you understand what is included in your policy. 

Contact us today to get a quote for burial insurance and to get help comparing quotes!