Life Insurance For Funeral Expenses

Losing a loved one is an emotional and sensitive time, with funeral and burial decisions needing to be made. Funerals are expensive, and there are many costs to consider – the funeral director fee, the casket, the hearse, the organist, and add-ons like video or photo tributes, which can be difficult to resist; your family wants to commemorate your life, after all. Furthermore, funeral costs in Canada are only rising, with the average cost of a funeral in 2016 being $7,181. Funeral insurance can ease the complications that financial constraints place on these decisions for your grieving family. Provide them with the peace of one less stressor as they cope with the difficulty of their loss.

 

What Is Funeral Insurance?

Funeral insurance is exactly what it sounds like – insurance that will cover the costs of your funeral and burial. Many life insurance policies include funeral insurance, but some do not. If your policy doesn’t include funeral insurance, you can thankfully purchase a funeral insurance policy as a standalone product.

 

Benefits Of Funeral Insurance

There are many benefits of funeral insurance. Funeral insurance makes certain that your family has a chance to commemorate your life appropriately, and that they are not burdened by the cost of this. There are very few requirements to obtain funeral insurance, making it one of the most easily available types of insurance out there. You need only be between the ages of 40 and 80, and no medical exam is required to secure coverage.

Funeral insurance also accumulates cash value, while the premium that you pay remains constant. This means more will be available for your family, with no additional investment on your end. With certain policies, your family may be able to use the benefits from your funeral insurance to cover other end-of-life expenses, such as outstanding debts or estate taxes.

One of the top benefits of funeral insurance is that it is a thoughtful gesture for your family that will no doubt be appreciated at the time of your death. Loss of a family member is difficult enough, and not having to worry about funeral and burial costs can make this time just a little bit easier for your loved ones.

 

Get A Funeral Insurance Quote

No-obligations funeral insurance quotes can be easily calculated with our online quote calculator. Another option is to speak directly with one of our friendly insurance brokers to determine your specific needs and acquire a more personalize quote. The insurance brokers at Lifetime Insurance are only a phone call away, and support is available 24 hours a day, 7 days a week. We are committed to putting you first.

What Our Clients Say

Great job guys! Professional team that cares! Best life insurance brokers!!!

Brad BukovskyManager

Excellent service, prompt advise about my life insurance needs... very good experience !!!

John HollandManager
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