There are only two things certain in life – death and taxes – I think that’s what they say. Everybody is going to die sometime so a little forward planning will certainly not be a waste of time. Knowing that you have adequate burial insurance can give you and your family a certain peace of mind.
Nobody wants to leave the burden of their funeral expenses to their families so the least you can do is to get burial insurance to be sure that they won’t have to worry about it.
Burial insurance is really a life term insurance policy which is designed to pay for all of your funeral expenses. Death doesn’t come cheap you know, we’re all going to do it but it is often one of the most expensive things you’ll do in your lifetime after buying a house, getting married and raising children. Not a nice thought is it? Burial insurance makes sure that it’s all taken care of spreading the cost over affordable monthly repayments.
It is important that you have adequate burial insurance cover to pay for the type of send-off you have in mind. Cremations are significantly cheaper than burials but even so you are probably looking at thousands of dollars after everything has been taken into account:
- Funeral home fees
- Transport to the crematorium or cemetery
- Cemetery fees
- Casket
- Tombstone
- Flowers
- Legal fees
There might even be enough money left over to pay for the family gathering afterwards.
Some people have the foresight to take out more burial insurance than they’re actually going to need to pay for their funeral expenses so that there is money left over to sort out things like loan repayments, mortgages, car payments etc.
The bottom line – if you have sufficient burial insurance then your family don’t have to worry about finding a large sum of money when they are in an already emotional state. It’s one less thing that they’ll have to worry about.
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