What is Burial Insurance?
Burial insurance, also known as final expense insurance, is a type of life insurance that helps cover the costs associated with funerals and other end-of-life expenses. These costs can add up quickly, often totaling tens of thousands of dollars or more. Burial insurance provides money to beneficiaries to use towards expenses like the burial plot, funeral home costs, headstone or grave marker, clergy expenses, obituary notices, flowers, and more.

Types of Burial Insurance Policies
There are a few main types of burial insurance policies to consider:

Graded Death Benefit Policy: Premiums remain the same but the death benefit decreases over time. Higher death benefits are offered when insured is younger and decrease as the insured ages. This makes the policy more affordable.