Life Insurance Insurance Tampa Florida FL
Reader’s Question:
What is burial insurance and does it come with my whole life insurance policy or do I have to buy it separately? My life insurance policy is from a local insurer in Tampa, Florida FL.
Joey
Tampa, FL
Burial insurance refers to whole life policies with death benefits ranging from $5000 to $25000. As this name implies, this life insurance policy provides money for funeral and burial costs for themselves and/or other family members. It is still possible for you to buy such a policy by just answering a few health related questions on the application and without a medical exam.
Premiums will be made payable in a weekly or monthly basis. The premium is generally collected at the policy holder’s home or workplace, and is usually a small round number, such as 2 or 3 dollars a week. The death benefit will correspond to the premium will provide given the insured’s current age.
Burial policies are designed to cover just one person or everyone in a family. Tampa, FL laws might allow funeral homes to sell burial insurance, but is generally sold through brokers and agents associated with insurance companies.
An approach similar this type of burial life insurance is the pre-payment of your funeral arrangements. You may get to select the funeral home, service type, casket/cremation, flowers, headstone and burial plot, the filling and digging of the grave, and other such details, and lock in the prices by paying for them in advance.
Tags: burial insurance, life insurance leads
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