Benefits of Funeral Insurance

The cost of funerals is rising, and there are many aspects to a funeral that many people do not realize exist until the time comes. These funeral expenses can add up quite quickly. With a funeral insurance policy, you ensure that your loved ones will not struggle financially with the cost of your funeral. That alone, is the single largest benefit of funeral insurance.

Under a funeral insurance policy, the client names a beneficiary to take care of their arrangements or other expenses at the time of death. Funeral insurance has evolved recently and has become the most popular way of prepaying for funeral costs. Setting money aside in your bank or trust account is not always advisable as funds are immediately frozen at time of death until executors can be identified and research on a valid will is completed.

You may have a vision of how you want your funeral to be, and there’s nothing wrong with that. It is not at all unreasonable to want to have your funeral service performed in a particular way. Perhaps you have a certain casket you’d like to be buried in? Or perhaps you have a favorite church that you’d like the service held at? Or a cemetery you want to be buried in? By purchasing funeral insurance you are safeguarding your choices and you can be sure that your funeral is exactly how you want it to be.

Funeral insurance policies are all very different and cater to different needs and tastes. Some of the things you can have covered by your funeral insurance include: a casket or urn, cremation, embalming, grave stone, hearse and other transportation, flowers, and a graveyard plot. The options are almost limitless, and you can design your funeral insurance to create the perfect funeral for you.

Increasing Benefits

The average funeral cost has doubled in the past 15 years. A funeral insurance policy will ensure that funds are available to cover the costs and final expenses associated with a funeral service.

At the time of pre-arranging, the funeral director and the customer are able to determine the exact cost of a funeral today. But what about the future? A funeral insurance policy with its death benefit growth would insure that proceeds of the policy will be there to cover the future cost increases. Many funeral homes will also offer a price guarantee on the rates of their services and the cost of the items you select, which will protect you from inflation.

Funeral insurance plans are available that can spread payments over a period of one, two, three, four, five and even 10 years.


By purchasing funeral insurance, and putting your affairs in order, it creates peace of mind and a feeling of accomplishment. Funeral insurance opens up a variety of options for the consumer. It is easy to do, can be quite affordable, and takes little time to set up.

January 31, 2012

By Funeral Home Resource Team