There’s a huge number of different types of insurance that a person needs. Auto insurance is one of the big ones. If you have a car, then the law says you have to have insurance. Not only that, but there are different kinds of auto insurance. Collision insurance, replacement insurance, all manner of different insurance policies that cover different things.
Medical insurance is the next big one. Even there, you have different kinds of policies. Policies that cover medical exams, medication costs, dental insurance, the list goes on and on. Then there’s life insurance, homeowners insurance, renters insurance, there are enough different kinds of insurance that it can make your head spin. Thus, when the question “do I need burial insurance” comes to mind, it might be easy to ignore it. You have enough different kinds of insurance to worry about. There’s no reason to add one more type of insurance into the mix. Especially when you consider the cost of just about any kind of insurance mentioned.
However, you should not pass up this incredibly important insurance! It’s unfortunate, but there’s a simple truth that death is expensive. No one likes to think about death and dying. No one likes to think about how to deal with the world when they’re gone. At most, a person might purchase life insurance. But the cost of a funeral is quite high. It can easily cost several thousand dollars, even tens of thousands, to have a funeral done. The cost of the casket alone can be quite high. Then you have to take into account the cost of the funeral hall, the cost of bringing the family together, it can get astronomical.
Burial insurance can help your family deal with that cost. Just like any other kind of insurance, burial insurance pays out when the contractual obligations occur. In this case, it would be when it comes time to pay for the burial. That way, your family doesn’t have to worry about sorting through the paperwork with life insurance, paying all the various bills associated with however you died, and then worrying about paying all the bills associated with actually having the funeral. You’ll know, for certain, that your family will have all the money they need to deal with your final rest. They won’t have to pay out of pocket, and thus worry about becoming bankrupt.
That can be a powerful fear, what might happen to your family after you’re gone. It’s a fear that’s powerful enough to cause many people to put off preparation. You should avoid that temptation. It’s easy to think that you have years upon years to worry about what might happen when you die, but that may not be true. You never know when a horrible accident could happen, leaving your family with an important bill to pay.
So, what is the answer to the question “do I need burial insurance”? The answer is yes; you do. Otherwise, your family may be left in poverty.