Frequently Asked Funeral Insurance Questions

What is Funeral Insurance (burial insurance)?

Funeral insurance is an insurance coverage that helps family members pay for the funeral arrangements and final expenses of a loved one who has passed away.

Why do you Need Burial Insurance?

Funeral insurance is a cheaper, more affordable way to pay for a loved one’s burial. Funeral insurance allows family members to focus on remembering a loved one after their death instead of worrying about how to pay for their funeral.

How much do I need to pay for my burial insurance?

You can call (504) 264-1865 to get a free quote. Generally speaking, considering the average cost of a funeral, the cost can range from less than $13 per week to $19 per week depending on your medical history.

How do I apply for funeral insurance? Is the process difficult?

You can speak with us about what your needs are, and we can help you choose the right policy for you. The process is not difficult. Depending on your medical history, we can get you signed up in less than 30 minutes.

Can I buy burial insurance for my parents?

Yes, you can buy burial insurance for your parents. This is common. You can agree to the coverage, complete the application, and sign it. You can be the owner, payor, and make yourself the named beneficiary.

Do burial insurance premiums change?

Once you complete and sign up for coverage, your burial insurance premiums will not change.

Can I Cancel A Funeral Insurance Policy?

You can cancel your funeral insurance policy by not making payments. In fact, if you stop making payments your policy will be canceled automatically.

How do I recognize the best company?

Insurance companies are rated by rating agencies. The rating agencies you need to be aware of when looking for insurance are A.M. Best, Moody’s Investor Services, Standard & Poor’s, and Fitch. These agencies are nationally recognized statistical rating organizations.

Keep in mind, the rating agencies do not rate the same way. An “A” with one company does not mean the same thing with another rating agency. Generally speaking, insurance companies with AAA or Aaa ratings have the best ratings.

Do funeral homes allow payments through a funeral insurance policy?

The beneficiary of the funeral insurance policy will have to arrange payment with the funeral home.

Can I apply for funeral insurance if I have health issues?

Yes, you can apply for funeral insurance if you have health problems. You may have to pay higher rates depending on your medical history. Also, depending on your medical history, you can be denied coverage.

How long do I pay for my funeral insurance policy and when is the payout ?

A funeral insurance policy is a type of whole life policy. The policy is considered “paid-up” or paid in full at age 100.  The payout occurs upon your death.

How do I find an affordable policy in my area?

You can give us a call at (504) 264-1865 and we can help you choose the right plan and company for you.