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Home | Burial insurance
3 key things to know about burial insurance

3 key things to know about burial insurance

Many people associate insurance with monetary coverage during their lifetime, but end-of-life expenses can be higher than medical costs. The end-of-life expenses or burial costs, such as a funeral, settling pending medical bills, post-burial rites costs, and others, can be covered by burial insurance. That said, there are certain important details one should know about burial insurance before putting their hard-earned money on a policy. Here are some such details: Things covered by burial insurance Here are some of the key expenses that burial insurance covers for policyholders: Post-life medical bills of covered individuals Related legal costs involved in the post-life phase of policyholders Outstanding debts of policyholders (insurance companies will set clear terms and boundaries regarding the amount of debt they will cover) Burial expenses of policyholders (Interment costs will be included in this package) Cremation costs of policyholders Funeral arrangement expenses, including the costs incurred during viewing and service of the policyholder In some cases, all the post-life transportation expenses of immediate family members incurred during the funeral of policyholders are covered. However, insurance companies are likely to set boundaries around this factor. Types of burial insurance Burial insurance comes with multiple classifications. Some of the common types of burial insurance policies include:
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