How Do I Choose the Right Burial Insurance?

Choosing burial insurance doesn't have to be complicated. Follow this checklist:

1. Determine How Much Coverage You Need

• Average funeral cost: $7,000-$12,000
• Add outstanding bills you want covered
• Most people need $10,000-$15,000
• Better to have a little extra than not enough

2. Compare Multiple Carriers

• Get at least 3 quotes
• Prices can vary 30-50% for identical coverage
• Don't assume brand names are better

3. Choose the Right Policy Type

• Simplified issue — If you're in decent health (lower cost, no waiting period)
• Guaranteed issue — If you have serious health issues (higher cost, waiting period)

4. Verify the Carrier

• Check they're licensed in your state (DOI website)
• Look up AM Best rating (A or higher is solid)
• Verify it's whole life, not term

5. Confirm Key Terms

• Premiums never increase
• Death benefit never decreases
• Can't be cancelled if you pay
• Free look period (10-30 days to cancel with full refund)

6. Name Your Beneficiary Carefully

• Pick someone you trust to handle funeral arrangements
• Name a backup beneficiary
• Tell them the policy exists and where to find it