Burial insurance can be an important and helpful aspect of funeral preplanning. It provides financial resources to pay for the costs associated with a funeral or burial and can typically be obtained without a medical exam. Below is an introduction to this beneficial part of the funeral preplanning process.

How It Works

Applications for burial insurance typically require you to simply answer a few health-related questions. Applicants can typically choose the extent of the coverage they want: for themselves, for themselves and their spouse, or for every member of the family. Like any other type of insurance, burial insurance requires you to pay a premium (usually weekly or monthly) in exchange for coverage. After the insured passes away, their benefits are paid to the beneficiary they've named in their policy. The beneficiary can then use that money toward funeral or burial expenses.

Benefits & Premiums

How much a policy pays out depends on the insurer and the extent of the coverage chosen. With many policies, the benefits are based on whatever the current premium will buy in relation to the age of the insured person. Burial insurance premiums tend to increase with age.

As a Part of Funeral Preplanning

If you have a burial insurance policy, be sure to tell your next of kin so they know that there are financial resources in place to help pay burial costs. Thoroughness is a crucial part of the funeral preplanning process, so you may want to leave specific instructions for how you want the money to be spent. Write out your preferences regarding cremation and interment, as well as any special requests for a funeral service; leave this document in a secure place or with your will or other end-of-life paperwork.

Northcutt & Son Home for Funerals Inc. is here to help you with the funeral preplanning process. Since 1976, they have been serving families in Rowan, Menifee, Fleming, Lewis, Carter, Montgomery, Morgan, and Bath Counties in Kentucky. They are a family-owned and -operated business dedicating to helping you plan a memorable and loving farewell. Call (606) 784-6491 or visit them online to schedule a consultation today.