Burial insurance policy is gaining prominence amongst the majority of the people. As unpleasant it may sound right now, you have to understand that it not only makes sure that you have a funeral as per your wishes but also that your loved ones do not have to face any financial issues when the time comes to bury you. There are just so many things that need to be arranged on a funeral- funeral home, service, cremation, flowers, tombstone and burial plot- and as that is already taken care of, there is little your family members will have to worry about. In all way, they may even be satisfied that everything went according to your wishes. Everything will be covered up with the amount of money you have fixed with the insurance company. Moreover, any medical bills or unpaid debts will also be managed. The idea of burial insurance has been liked so much by people that there are companies working solely on providing this service, such as the Burial Security. So how do you purchase burial insurance?
First meet the funeral director:
The purpose of this meeting is to discuss the costs of the funeral and the options that you have. He can guide you better, knowing all the arrangements needed to be done, the rates of everything and how that have been increasing over the time. Simple advice like getting cremated instead of traditional burial because it is less expensive or that green burials are becoming more popular can only be given by the funeral director. After gaining all the information, you can move on to next step which is also the final.
Choosing and paying for burial insurance:
There are several types of burial security policies that you can select and purchase. Each has different terms and conditions and you can select the one that serves your need the best. You can purchase a policy by paying a generous amount of money or a graded benefits policy (it is term life insurance). There is also a traditional policy that you can select. You can either make a family member a beneficiary (which will give him/her the authority of spending the figure on your funeral as he wishes) or the funeral director. In case, you choose the latter, you are basically allowing the funeral director to use the policy's proceeds for your funeral ceremony.