We leave behind a lot after we die. For the loved ones who have to carry those expenses, it may be a great burden to bear as they have to make cut backs to off-set the demands coming from credit card companies and other expenses the desist has left behind when they decided to make their final leave from this world. Burial insurance can help offset these expenses by paying out a premium to the loved ones left behind. Any leftover mortgage payments will be handled by the policy’s premium instead of by the estate of the loved one. This means a greater inheritance and less debt for those who knew the person closely.

The Cost Of A Funeral

The cost of the average American funeral is high. Those who wish to be buried in the United States may find that their loved ones will have to put down $7,000 to $12,000 with the cost of everything included. It all comes with transporting the casket, embalming, and prep services. The stone can also cost a pretty penny and leads to the high prices of the final expense. If you think you’re just paying for a plot in the ground, you’re quite wrong. You might also be underestimating the plot’s worth. Your body will remain there for years to come. No industrial activity will happen there as long as the graveyard stands. You’re basically buying a permanent stay in the world’s tiniest apartment.

Having burial insurance covers the fees associated with everything that has to do with the funeral and final expenses. Your loved ones will be able to pick out a nicer casket for you, and you’ll have a higher tombstone. Transportation of the casket can be done in style as a black limousine transports you from the funeral home to the grave without worrying about your spouse having to pick up the bill later.

It’s Directly Paid To The Funeral Home

To make sure people aren’t abusing funeral insurance, the amount is usually paid directly to the funeral home to cover the cost of all expenses. The amount that goes towards credit card companies and any left over mortgages is paid to the beneficiaries from the funeral home in some instances. This helps stop the abuse of burial insurance. Your loved ones may be tempted by the money and cut the costs when it comes to final burial. It ensures that you get the headstone of your dreams and that they aren’t burdened by the cost of funeral expenses because they squandered the money elsewhere. There are spouses who do not know how to handle money. It may be due to the desist spouse having the power with money in the relationship when they were alive.

The Importance Of Burial Insurance

Burial insurance is highly important if you do not wish to stick your family members with the final burden of your leftover expenses. The premiums are usually lower than life insurance, and it goes directly towards the cost of burying you. There’s no fear that your college-aged daughter will spend it on makeup when you choose to invest in an insurance policy that will put the money directly into the hands of the funeral home.