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Burial Life Insurance Can Help People Cover Their Funeral Costs!
Date:12/30/2013

(PRWEB) December 30, 2013

Online Insurance Marketplace has released a blog explaining the importance of burial life insurance for covering funeral costs!

Burial life insurance is a small value policy which can help seniors cover their funeral expenses fast and easy. This type of life coverage can be bought from most insurance providers. It does not require medical examinations and the whole application process lasts a few minutes. The policy is issued in less than 24 hours.

Funeral expenses are a growing concern for many American households who fear that they will not be able to properly bury their loved ones. Seniors can help their family members by purchasing a simple burial insurance policy. This plan does not require medical examinations, and although offers small coverage values, it can be very helpful for covering burial costs. In order to qualify for coverage, a senior has to answer “no” to three questions. Smoking does not disqualify someone from getting coverage, but it will make the premiums more expensive.

The downside of burial life insurance is the graded benefit and the expensive premiums. A graded benefit means that the policy will not pay out insurance money if the policyholder dies too soon (usually between one and two years) after signing the policy. Instead, the company will only return the amount paid in premiums. Burial insurance can also be more expensive than other plans, but by comparing quotes, seniors can find affordable rates.

“Burial life insurance can help seniors cover their funeral expenses in a fast, convenient way and at affordable rates,” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Online Insurance Marketplace is an online provider of life, home, health, and au
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