Burial Policy

Burial Policy is a policy that helps cover the costs associated with burial. It is a kind of insurance called pre-need, because you are making financial arrangements for something that has not yet occurred. With the costs of funerals and burials becoming higher and higher, people are finding that burial insurance policies help protect their loved ones from shouldering the burden of funeral related expenses.

Burial policy insurance can be very general and simply provide an amount of money to help cover burial costs. Plans may be more specific and include monies earmarked for specific funereal services such as funeral vehicles, cremation services, or a particular casket or urn.




Like a relatively straightforward purchase. But a spate of funeral insurance scams across the country involving thousands of policyholders shows that you must do as much homework when buying burial insurance as any other type of insurance, perhaps even more so. In fact, there has been so much controversy in the industry, particularly accusations that elderly people are being duped into paying more in premiums than they will ever receive in benefits, that states such as Florida have sought to ban the policies outright.

Funerals were often funded with trusts, sums set aside in the approximate amount of the funeral. Trusts aren't complex to arrange, but they do carry tax liabilities and are a tricky issue if the purchaser moves out of state. So instead, some consumers set up "final life expense" insurance policies with small coverage limits to cover this cost. Find more burial policy information.