Funeral Insurance What are All the Services That Are Provided By This Insurance?

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Funeral insurance is important life insurance, which covers funeral costs. This insurance is also called as burial insurance. When we choose funeral insurance, there are two things which we need to consider: first is that in which insurance company will execute our plan first and secondly how that insured amount will be given to the funeral service.

This kind of life insurance is sometimes considered as a low benefit giving policy, and easily issuable policy. In this policy, the premiums can be a payable weekly, monthly basis or even payable in a single payment. The funeral service in some countries includes washing the body, covering it in a sheet and then burying in a slab in the cemetery.

Merits in funeral insurance:
No physical test is required when compared to the other insurance.
Applicants need to verify just their personal information.
No blood and urine test is needed.
Immediate payment date can be issued.

Demerits in funeral insurance:
The payment will not be given for first 2 or 3 years.
This kind of policy is available only for age around 40 years.
The people under the age of 40 are not allowed to take this kind of policy.
The cash value is small.

The need of funeral insurance for individuals:
A Primary person: If you are a primary person in your family and if you don't have any life insurance policy then you can go for this kind of policy to reduce the burden of your family at the time of your funeral service. Even though if you have life insurance, the funeral insurance policy plays an important role in your death day. Most insurance companies release the payments within two days.

Dependents: Those who are dependent on others such as children's, life partners, Students and also people who are mentally or physically disabled.

A person without proper financial services: This kind of policy is very useful for adult without proper family and financial services. If you don't have this kind of policy just think of a minute that who will pay for your funeral services at the time of your death.

 

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