The Difference Between Burial Insurance and Life Insurance

The Difference Between Burial Insurance and Life Insurance

There was a time when life insurance was generally referred to as “burial insurance”. Today, in the industry, burial insurance is frequently the name given to the name of whole life insurance policies with a face value of $5,000 to $25,000. The purpose, is of course, to cover the final expenses of a funeral. In fact, years ago, whole life burial insurance could be purchased in amounts as little as $250-$500. Of course, funerals were less expensive then as well.

Today, life insurance is affordable enough to purchase in much higher amounts. When purchased at a young enough age, one million dollars of term life insurance can be surprisingly affordable. This gives insureds the opportunity to provide for far more than just the cost of a burial. It provides the chance to truly insure the quality of life for your family.

Life insurance is used to pay any remaining medical expenses. It can be used to pay off credit cards and student loan debts. Life insurance is often used to pay off new car loans and mortgages. Many times, parents of young children will secure enough life insurance to assure a paid college education for their children should they die prematurely. Ideally, life insurance would pay for all debts, college and provide a nest egg for a family’s current lifestyle to continue.

Far from just “burial insurance, life insurance can protect the quality of life for your family. That is worth looking into.

If you would like to learn more about the affordable options available to you when it comes to life insurance, contact one of our independent insurance agents today. Because they are not tied to representing insurance from just one company, they can shop multiple companies for you. This means you are better assured of getting terrific coverage at a price you can feel comfortable with.

Remember, your ability to acquire life insurance in sufficient amounts depends greatly on your age and health. Waiting may limit your options. Get started today for the life insurance protection your family deserves.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about
our blog writer?

Read more about KayLynn's background.

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Unveiling the Different Players (and Why We’re Your Guide!)

Insurance Companies: Not All Created Equal! Find Your Perfect Match with Our Help

Cracking the Code: Cash Value, Loan Value, Surrender Value – It’s All in the Life Insurance Policy!

Beyond the Death Benefit: Unlocking the Hidden Gems of Your Life Insurance Policy

Beyond the Payout: 6 Unexpected Perks of Life Insurance You Might Not Know

More Than Just a Payout – Unlock 6 Hidden Gems for Your Loved Ones

Poppin’ Pills and Counting Coins: America’s Prescription Drug Dilemma

America’s love affair with drugs isn’t limited to back alleys and bong rips.

Ditch the Piggy Bank, Grab the Plan: Your Adulting Health Insurance Guide

Bye-Bye, Mom’s Policy! 5 Easy Steps to Your Adult Health Insurance Adventure

Life Insurance: Who’s Who in the Zoo (of Coverage)?

Feeling lost in the jungle of life insurance terms?

Don’t Fear the Four

Learn About Your Life Insurance Posse

Cracking the Code: Why Your Health Insurance Bill Isn’t One-Size-Fits-All

Health Insurance Premiums: Unraveling the Mystery of Why Everyone Pays Differently

New Year, New Resolutions: 5 Ways to Refresh Your Life Insurance

5 Life Insurance Resolutions for the New Year: Embracing Peace of Mind and Financial Security

Life Insurance: Understanding the Benefits of Term Insurance

Navigating Life Insurance: Unveiling the Value of Term Insurance