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Burial Insurance
(redirected from Funeral insurance)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
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.


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People who lost their jobs, or had to tap into their savings, or cashed in their funeral insurance as a result of the tough economy, can pass away without the resources to pay for even minimal funeral expenses.
In an attempt to complete a financial turnaround, ACA Assurance of Manchester has announced a 12 percent cut in potential payouts on pre-paid funeral insurance policies, and it will stop issuing new policies.
His wife became a supervising agent for the funeral insurance firm Homesteaders Life Company.
 
 
 
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