End Of Life Planning: Burial Insurance

Coming to terms with the death of a loved one takes time and is emotionally draining. This is compounded by the fact that the members left behind have to organise a decent send-off and take care of the state of the deceased. However, more people are engaging in end of life planning in order to ease the burden for their family members when the time comes. This is especially used by people facing terminal illnesses or old age but anyone can engage in end of life planning processes.


End of life planning usually includes: drafting a valid will when you still have the mental capacity to do so; appointing an individual to make medical decisions on your behalf; putting in place advance medical care directives and ensuring that your family understands them; ensuring your finances and estate are in order and putting in place directives on how you would like your send off to look like as well as organising burial insurance. In the case that there are people who owe you or your estate some money, you may appoint an experienced debt recovery agent to take care of debt collection on your behalf.

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Funeral costs and burial insurance

Due to increased standards of living and high inflation, the cost of funerals has been on an upward trajectory over the last few decades. In some cases, a decent burial can cost several thousand pounds and your family may not be in a position to raise that money on short notice. However, burial insurance ensures that all costs are catered for and therefore gives your family some relief.


Burial insurance is a type of funeral expense life insurance policy that is specifically designed to cater for the costs of cremation or burial of the insured individual. Upon your death, the money is paid out to the specified beneficiary who is then free to use the money in any manner they deem fit. However, you can specify how the money should be spent in your final will and testament to prevent misuse. Although the amount of money payable may not be very high, in most cases, it is enough to cater to all the burial expenses. Any balance can then be used to cater for other expenses, if any, or used as per the discretion of the beneficiary.

The amount of premiums required for this kind of insurance will differ from one life insurance Company to another. When selecting the life insurance company to work with, it is essential to compare and contrast the terms of engagement, the amount of premiums payable, the amount insured and any other conditions or factors that they advance as part of the contract. 


Is it worth it?

While some may argue against burial insurance and end of life planning, the benefits outweigh the cultural elements and the associated disadvantages. Essentially, ensuring that everything is taken care of ensures that your family can mourn without worrying about all these other things. This gives them ample time to mourn and to experience all the emotions associated with your death as opposed to pushing them aside to deal with the funeral costs and arrangements.