Now that midlife is behind you, it’s time to start thinking seriously about end of life responsibilities. Burial insurance, also known as funeral coverage, is a great way to make financial preparations ahead of time, ensuring family and loved ones are not burdened with the costs of your funeral and other end of life expenses. If you’re interested in learning more about burial insurance in New York, here’s what you should know.
A Smart Financial Strategy
The average cost of a modest funeral in New York isn’t cheap. In fact, in 2013, the average burial and related expenses is between $6,000-$10,000. Burial insurance is a smart financial strategy, giving your family options when they need them most. Basically, burial insurance is a type of small life insurance policy with money dedicated to cover the costs of a burial and funeral as well as other related expenses. Planning ahead ensures surviving family members do not have to think about how things should proceed or where the funds will come from to make the right choices.
What Does Burial Insurance in New York Cover?
The right burial insurance policy provides reassurance that they way you intend to be buried can happen easily and with the least amount of stress. Funds are available to cover medical and funeral expenses as well as any other bills that may be left behind. That means typical burial costs, including flowers, head stone and burial plot as well as related funeral home services are covered. Burial insurance is more than a policy, but peace of mind that when the inevitable happens, financial burdens will not add to an already difficult situation.
Top Providers are Available for Seniors
If you’re considering burial insurance in New York, it’s good to know you have a few reliable options available. Dependable, top rated companies like New York Life and AARP give seniors just like you the security they deserve with a reliable, trusted company. With AARP, acceptance is guaranteed, meaning you don’t have to worry about going through a lengthy and inconvenient application process. And with no medical exam and no health questions, it’s nice to know that coverage is available quickly at an affordable price.
In an uncertain time, it’s important to know how your funeral expenses will be paid. Burial insurance in New York provides the confidence and security you need to relax and enjoy friends and family knowing you’ve taken responsibility so they won’t have to.