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  • Writer's pictureAriadna Cardona

How Burial Insurance Can Complement Your Existing Life Insurance

Updated: Oct 23, 2023

Life insurance is a sound financial decision, offering peace of mind and security to families after the passing of a loved one. But while many people have invested in this essential safety net, there's a supplementary layer of protection that often goes overlooked: burial insurance. Contrary to popular belief, life insurance and burial insurance aren't mutually exclusive. In fact, they can seamlessly complement each other. Let's delve into how.


1. The Immediate Needs After a Passing


Upon the death of a loved one, there are immediate expenses that arise, from funeral arrangements to outstanding medical bills. Tapping into a life insurance payout immediately might not always be feasible due to processing times.


Burial insurance offers a solution: Policies are structured to payout quickly, ensuring that families have the funds to cover these urgent expenses without delay.


2. Preserving Life Insurance for Long-term Goals


Life insurance, for many, is meant to serve as a financial foundation for loved ones, from paying off a mortgage to funding a child's education. Using this payout for immediate post-death expenses could compromise these long-term plans.


Enter burial insurance: It ensures that your family doesn't have to dip into the life insurance benefits for funeral costs, keeping those larger goals intact.


3. Burial Insurance Affordability and Simplified Processes


One might think that adding another insurance policy means more complexity and cost. However, burial insurance policies are typically affordable and have a straightforward application process.


The value they add: For a relatively low premium, they offer a dedicated fund for end-of-life expenses, ensuring life insurance remains untouched and retains its original purpose.


4. Burial Insurance Flexibility in Beneficiary Choices


Life insurance is often intended for significant beneficiaries – perhaps a spouse or children. But what if you wish to allocate funds specifically to a relative or friend to handle funeral expenses?


With burial insurance: You can designate a separate beneficiary, ensuring that there's someone dedicated to overseeing funeral and related costs, making the process smoother for everyone involved.


5. Peace of Mind in Changing Circumstances


Life evolves, and so do our financial circumstances. A life insurance policy you took out a decade ago might now seem inadequate given rising costs and additional responsibilities. While you can, and should, periodically review your life insurance, adding burial insurance can offer an added layer of reassurance.


The bottom line: By covering specific funeral and related expenses, burial insurance ensures that even if life throws curveballs, your family has one less financial worry during challenging times.


Conclusion


Life insurance is undoubtedly a cornerstone of prudent financial planning. However, adding burial insurance into the mix further refines this plan, ensuring every possible financial eventuality is addressed. Think of burial insurance as the fine brushstrokes on a masterpiece – it completes, enhances, and elevates the broader picture. By investing in both, you ensure that your loved ones are doubly protected, both immediately after your passing and well into the future.


Ready to Secure Your Peace of Mind?

Understanding your options is the first step towards making informed decisions. Whether you're considering burial insurance or seeking more information on any other topic we've discussed, we're here to assist. Visit www.expressburialinsurance.com for a quick quote. Prefer to speak directly? Call us at 1-855-604-1519 and chat with an expert agent ready to guide you through your choices. Secure your family's future today!

Burial-Insurance-Compliment-Current-Life-Insurance-Plans
How Burial Insurance Can Compliment Your Existing Policies!

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