Sentences with phrase «burial insurance policy likely»

Having said that, your best burial insurance policy likely resides with one of these funeral insurance companies.

Not exact matches

In order to choose the cheapest burial insurance policy, it is important to evaluate your needs closely and ensure that the overall benefit amount will be sufficient to cater for all the funeral expenses that your loved ones are likely to incur in case of your demise.

Those who have older children and have paid off the mortgage may need only enough insurance to cover burial costs, whereas those with young children and large debts will likely want to purchase a policy that will allow for financially comfortable lives for their families, including enough funds to cover college expenses or trust funds for the kids.

Burial insurance, also called funeral insurance or final expense life insurance, is exactly what you'd likely assume — an insurance policy which is designed specifically to cover funeral services and other costs related to your death.

This is exactly why many companies aren't likely to offer you a traditional life insurance policy and will only be willing to offer final expense or burial insurance.

Generally speaking, the questions that you'll likely encounter when applying for a burial life insurance policy that will go inforce immediately and thus not contain a Graded Death Benefit, will look something like this:

Burial insurance is most likely to be a whole life policy.