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What is Burial Insurance
Burial insurance is permanent insurance coverage purchased to pay for usual costs associated with a one's death. Typical burial insurance policies are available in face amounts of $2,500 to $25,000.
What differentiates a burial insurance policy from other final expense plans is the limited payment period. These plans are paid up in 10, 5 or 3 years or as a single payment.
Until recently, limited payment plans were sold only through funeral homes. However, a few top burial insurance companies have opened up availability to insurance agents such as our professionals.
A death benefit is payable upon the insured's death. This form of life insurance protects your loved ones while providing for burials.
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In many states, we also have companies that will offer burial insurance with no medical questions. Death benefits are limited in the first two or three years of the policy, but they are excellent burial insurance coverage for those who have no other options due to health conditions.
Generally, people do not wish to think about funeral and burial costs until a loved one has passed on. Average cost of a funeral and burial can range between $7,500 and $12,000 dollars.
In addition to burial expense, there can be additional expenses associated with the cost of dying. Good financial planning includes reviewing these costs and covering them with burial insurance.
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Licenses to sell burial insurance:
Ohio License #104233, California License #0C94325, Florida License #D072714
Alabama, Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin
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