Buying funeral insurance can take the burden off your family after you’re gone, as it pays for most, if not all, of your funeral expenses. Before deciding on a policy, it’s essential to understand what it is, why it’s essential, and how to purchase it. Here’s what you need to know. 

Funeral Insurance

There are no one-size-fits-all funeral insurance packages; however, some states group their burial or final expense insurance with life insurance. A policy will cover everything from the burial plot, casket or urn, and embalming or cremation to the grave marker, flowers, and funeral cars. The beneficiary can either be a family member of your choice, or it can be the funeral home. Choose someone you trust, as whoever you name will have full rights over the funeral proceedings. 

Why it’s Important

Unexpected funeral expenses can uproot your family members’ lives. With the average funeral costing $8,500, it will be challenging to come up with that money all at once and in a short amount of time. The proper insurance provider will work with you and your family to ensure that they can afford the funeral costs. 

Tips for Choosing a Policy

• Only buy essential coverage to save money.
• Review all state laws before purchasing.
• Discuss the policies written in the fine print with a lawyer to avoid unexpected charges and fees.
• Get all agreements in writing to protect you and your family from potential fraud. 
• Have all the documents filled out while you’re present to avoid someone altering them.

It’s never too early to purchase funeral insurance. Contact the experts at Better Life Management in Volusia County, FL, to plan your financial expenses in advance. Their experienced advisors will help determine which life insurance plan is right for you and your family to protect your financial security. Call (855) 256-4968 to schedule an appointment with one of their agents, or visit their website to learn more.