Many people don’t realize the importance of planning for their own funeral and burial. Pre-planning and pre-payment are encouraged to prevent confusion about your wishes and to avoid burdening your beneficiaries with significant bills after your passing. But what if you don’t have the funds right now to pay for everything and are unsure about which funeral home to use for your funeral? You can arrange for burial insurance to assist your heirs after your death. The Bonvenuto Financial Group LLC in Uniontown, OH wants to ensure you’re aware of this beneficial policy.
A Lesser-Known Form of Life Insurance
Burial insurance is a type of life insurance. However, it’s not dependent on your health status and doesn’t expire with age. After all, it’s designed to kick in when you pass away. Burial insurance covers everything from the cost of your casket or cremation to paying off debt that your estate is responsible for, although it is limited to the coverage amount you arrange for.
Be aware that sometimes burial insurance is included in whole-life insurance, so you may be able to access it without having to pay for separate life insurance policies. In cases where burial insurance is sold separately, you will need to consider whether it’s the right type of policy for you; perhaps getting a basic whole-life policy instead is better because you want to leave more money to your heirs.
The most helpful thing to do is to contact the Bonvenuto Financial Group LLC in Uniontown, OH, to discuss your situation. Think about what you want and need, and speak to an insurance agent about the type of life insurance policies that best fit how you want things to turn out for your heirs when you pass away.
