Get Funeral Insurance with Peace of Mind

Your funeral insurance policy may cost less than $50 per month or more than $200, depending in part on the amount of the benefit. In general, you'll pay higher premiums for policies with higher payout amounts.

Other factors that may influence your rates include:

• The type of policy you choose
• Your age
• Your medical history
• Your current health

When choosing a policy, it's important to remember you may not need it for many years, and funeral costs will likely rise during that time. You want to balance what you can afford to pay in monthly premiums with your long-term coverage needs.

You may encounter very similar plans with disparate rates in your comparisons due to the different frameworks insurance companies use to calculate risk and policy costs.

Funeral insurance policies generally offer one of two types of benefits:

1. A level benefit provides the full death benefit to your beneficiary starting at the time the plan is issued with no minimum restriction period. Policies with level benefits often require a medical questionnaire, which may result in denied coverage for certain applicants.
2. A graded benefit only offers the full death benefit after a restriction period, usually two or three years. If you pass away during this period, the insurance provider will only pay part of the benefit or may only refund the amount paid in premiums up to that point.

Before you sign up for a burial insurance policy, read it carefully to understand which type of coverage you're getting.

Funeral insurance helps cover specific expenses related to last rites, such as the funeral and cemetery fees. Many of these policies won't cover other end-of-life expenses, such as ongoing mortgage payments and debt settlements.

If you want to provide your family with coverage to replace your income after you pass, a life insurance policy may suit you better than funeral insurance. Life insurance benefits help cover funeral fees, estate fees, legal fees, debt payments, and more.

Accepting the first quote from the first insurance company you come across may turn out fine or may result in higher than necessary premiums for subpar coverage. You must compare multiple quotes to find a plan that meets your coverage needs without compromising your budget.

At Insurdinary, we make it simple to compare quotes and understand how coverage changes affect premiums. We'll match you with suitable policy options with affordable rates in minutes.

Funeral expenses add up fast, but you can do a few simple things to keep your final expenses as low as possible, including:

• Estimating coverage needs. You can estimate the costs of a funeral by calling local funeral homes and asking for pricing. Funeral directors are required by law to provide a general price list if asked for one.
• Knowing your rights. The Federal Trade Commission (FTC) also stipulates that consumers have a right to purchase the funeral goods they need without having to purchase conditional goods, such as package deals.
• Opting for a cremation or green burial. You can eliminate embalming and casket costs by opting for a green burial, which uses a biodegradable box instead of a pricey casket.