Until science finds a way to develop immortality, there comes a time when all of us will depart this life. No matter how or when we go, all we can wish for is for our families not to be overwhelmed by preparations and last-minute expenses. Now, whether you’re simply prospecting or planning for retirement, your end-of-life expenses are things you’ll need to consider at some point. 

This is where burial insurance steps in. By subscribing to one, you’ll make sure to have tied up any financial loose ends before kicking the bucket. In this dedicated article, we go over what burial insurance is and how it works, what it covers, and the advantages it offers for both you and your loved ones.

Burial Insurance: What It Is

Essentially, burial insurance is a type of whole life insurance. Whether it’s marketed as “senior life insurance,” “funeral insurance,” or else, it’s specifically designed to cover expenses related to your funeral, burial costs, and memorial service. With this design, burial insurance typically has lower premiums and death benefits than other common types of life plans. Depending on the policy in question, it can cover either only you or your relatives as well.

How It Works

As with any form of insurance, policyholders must pay a regular premium to feed their payout. These rates are paid weekly or monthly, with some as low as $20 per month. Since it’s meant to cover final expenses, the policy payout is quite low (between $5,000 and $20,000, on average). Generally speaking, the older you are, the higher premium you’ll pay, and the bigger your payout will be. When an insured person dies, the insurance company will pay the benefit to the beneficiary in question. With some research, you’re bound to find more in-depth guides.

What It Covers

While it’s certainly a sensible topic, funeral preparations are necessary. Many people don’t realize that a memorial service can be expensive, costing anywhere between $4,000 and $20,000, if not more. As mentioned, burial insurance covers everything from funeral officiation, the urn or casket, burial or cremation, the preparation of the deceased, and funeral home facilities. That said, the beneficiary’s relatives may spend the policy payout as they please; this is often when there’s money left over from funeral expenses. The rest can be used to settle bills, legal costs, or any outstanding debt.

How to Select the Right Policy

Before subscribing to burial insurance, there are important steps to be taken. This will ensure that your financial situation is in order upon departing. First of all, estimate your final expenses mentioned above. Next, determine whether you’ll leave enough money behind. After that, check out different insurance providers, compare their rates and payout limits, request a quote before selecting a service provider. Throughout the process, you’ll need to make sure that you can indeed afford the coverage you want.


Generally speaking, getting life insurance is always a smart move. Specifically, burial insurance guarantees a sense of financial security. By contributing to your own final expenses, you won’t need to worry about relatives or close friends scraping together thousands of dollars for a dignified memorial service. 

Burial Insurance

As long as you pay your premiums, you’re guaranteed a decent payout down the line. Another advantage we’ve mentioned is that any remaining payout money can be allocated to other purposes, such as paying medical costs or helping your relatives with rent in their time of mourning.

Is It Worth It?

The short answer: Yes. With all the advantages it offers, including affordability and flexibility, burial insurance is an excellent way to ensure that your final expenses are taken care of. Compared to a traditional life insurance plan, burial insurance is cheaper yet offers a lower payout. It’s especially beneficial for seniors who want to secure their funeral costs without having their families pitch in. In parallel, and contrary to regular life insurance, burial payouts aren’t specifically restricted to funeral expenditures.

All things considered, it’s never too early to start planning for your funeral. By that, we not only mean the choice of casket or your final resting place but also how you’re going to finance it all. Since dying is not a cheap affair, it’s imperative to look into options to alleviate any financial burden and let your family grieve with dignity. Today, burial insurance packages are gaining tremendous popularity across the United States, with more and more companies and providers offering tailored solutions. So, if you don’t have a solid plan to cover your final expenses, subscribing to burial insurance is a wise move.