Burial Insurance

Burial Insurance

An insurance policy that pays for the policyholder's funeral upon his/her death. Burial insurance pays for expenses such as preparation of the body, the casket, the flowers, and so forth. The benefits from burial insurance are paid upon death, provided the policyholder does not live past 100. As with all insurance, one pays a premium to receive the benefits. Burial insurance is also called funeral insurance.
References in periodicals archive ?
Biloxi, Mississippi funeral home and insurance company owner Jerry O'Keefe entered into an exclusive, binding contract with Wright & Ferguson Funeral Homes in 1974 to market O'Keefe's burial insurance and prepaid funeral arrangements.
Its major line of business is assumed burial insurance.
The suit alleges that in some instances policyholders were sold as many as twenty burial policies even where it was not in the policyholder's best interest to purchase additional burial insurance.
Al Lawson of Tallahassee -- again aimed at banning burial insurance and requiring disclosure to policyholders of what they have paid in premiums versus what they have in cash value and benefits.
Its major lines of business are individual life and individual annuity with a focus on annuity and preneed burial insurance.
The company mainly writes individual life insurance and individual annuity with a specialization in pre-need burial insurance, and its products are distributed primarily through independent general agents.
this company writes group life, individual life, individual annuity and pre-need burial insurance.
2 million burial insurance policies currently in force in Florida.
Franklin American bought Jacksonville burial insurance company Old Southwest Life Insurance in February.
Consumers use the service to locate auto insurance quotes, life insurance quotes, disability insurance quotes, long term care insurance quotes, health insurance quotes, cancer insurance quotes, burial insurance quotes and insurance quotes of various different types of business insurance products.
The life-insurance policies in question, sometimes referred to as burial insurance, were sold from the 1940s through the 1960s.
Finisterre will operate as a dedicated burial insurance company.