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Burial Insurance: An Essential Checklist

jcasebmw | Jul 24, 2009 |

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Life insurance policies are so individualized these days that there is practically nothing you cannot include. You are only limited if you policy has a specific dollar amount cap.

Burial Insurance Checklist

Below is a checklist that you can follow is you are considering getting burial life insurance:

1. Make sure you research your state's laws regarding preneed insurance.

2. Discuss all matters of your burial insurance policy with a close friend or family member before you make a final decision. You need to make sure that everything in your burial insurance plan lines up perfectly with your estate planning and will.

3. Make sure that the actual benefit percentage of the total insurance plan is sufficient for your needs.

4. Verify the license of everyone your work with. There are many scam artist in this industry so be very careful.

5. Many states have a "fee look" law that allows you to look at your policy before you are locked in, make sure to take advantage of this.

6. The Federal Trade Commission requests that all burial insurance companies provide you with a written list of all goods and services they offer. Make sure you get this list.

7. If you are given any documents that have been signed without you being there then do not accept them.

8. Make sure that your burial insurance policy can be moved to another funeral home in the event that you move.

9. Ask to see if you can cash out your burial benefits at anytime.

10. Make sure that your grave site is already located by section, row, and plot number.

11. Ask about what happens if the cemetery goes about of business.