Select Page

Speak to a Licensed Sales Agent

Frequently Asked Questions (FAQs) About Burial Insurance

As you start to investigate burial insurance as a way to pay for your final expenses, you’ll likely have many questions. In an effort to save you time, here are the answers to some of the most common questions people ask about final expense insurance products.

Why do I need to buy burial insurance?

Burial insurance is a small life insurance product that is affordable and easy to qualify for. If you don’t have sufficient savings to pay for your final expenses, burial insurance will help prevent your loved ones from having to pay for your funeral out of their pocket.

How much burial insurance do I need?

The amount of coverage you need varies based on the type of funeral service you want and the funeral products you choose. Be sure to research your options carefully, and don’t forget to include the cost of a cemetery plot and associated burial fees. These expenses are often left out of average funeral cost calculations.

Do my beneficiaries have to use my burial insurance to pay for my funeral expenses?

Your beneficiaries get the funds after your death and are in charge of disbursing funds to pay your final expenses, bills or fees. It’s important to talk with your beneficiaries about the intent of your final expense insurance, so they understand your wishes.

Do funeral insurance premiums change over the years?

Your insurance premium is based on the coverage you choose, your health, and your age. The premiums will remain the same as you get older, even if your health declines or if you are diagnosed with a severe illness.

Certain policies have restrictions and may not pay out 100% if you die before a certain period of time has passed. Make sure you understand the funeral policy you are considering and any limitations it may have.

Is there any difference between burial insurance, funeral insurance, final expense insurance and pre-need insurance?

The terms burial insurance, funeral insurance and final expense insurance are all names for small life insurance policies designed to cover the cost of your final expenses. Pre-need insurance is a contract with a specific funeral service provider that covers the cost of the funeral service and products you’ve chosen at a predetermined price.

What’s the difference between burial insurance and life insurance?

The purpose of life insurance is to provide financial protection to surviving dependents after the death of the insured person. It can be used by the beneficiary to replace an income, cover children’s expenses, or pay off debts, estate taxes or final expenses.

The intent of funeral insurance is to cover funeral and other end-of-life costs only. The beneficiary of a funeral insurance policy is paid the benefit upon the insured person’s death. They can then determine how to use the proceeds from the funeral insurance.

While it’s still a life insurance product, burial insurance usually costs much less, is easier to obtain and has a lower coverage limit than traditional life insurance policies.

Can I get burial insurance if I smoke, have a pre-existing condition or a serious illness?

Yes. While you won’t have to have a medical exam, you will need to answer a health questionnaire that could affect your premium and coverage. Funeral insurance is a popular option for people who can’t qualify for traditional life insurance because of their health.

Can I name someone other than a relative as a beneficiary of my policy?

You can choose anyone to be the beneficiary of your final expense life insurance policy. While many people select family members to be the primary and secondary beneficiaries, the most important thing is to choose someone responsible and dependable. The beneficiaries you name are usually the people in charge of paying your final expenses.

Privacy Policy | Legal

Best Burial Expense Insurance is an independent organization and affiliated with SelectQuote Insurance Services. Best Burial Expense Insurance is authorized to sell and service certain life insurance products.

The purpose of this communication is the solicitation of insurance. Contact will be made by an insurance agent/producer or insurance company.

* Best's Credit Ratings™ are under continuous review and subject to change and/or affirmation. For the latest Best’s Credit Ratings™ and Best’s Credit Reports (which include Best’s Credit Ratings™), visit the A.M. Best website at ambest.com. See Guide to Best’s Credit Ratings™ for explanation of use and charges.” “Best's Credit Ratings™ reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of SelectQuote or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best's Credit Ratings™. Best’s Credit Ratings™ are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.” A Best’s Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance obligations. It is not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. View our Important Notice: Best's Credit Ratings for a disclaimer notice and complete details at http://www.ambest.com/home/ratings.aspx

AIG Companies policies issued by American General Life Insurance Company (AGL), Houston, TX. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG).

© Burial Insurance. All rights reserved.

If you are vision-impaired or have some other impairment and you wish to discuss potential accommodations related to using this website, please email us at accessibility@tiburoninsuranceservices.com.