When Buying Burial Insurance:
- Buy it ASAP (premiums can get very high later in life)
- You won't be able to buy it if you are 85 or older
- If buying through a mortuary, make sure they are not the named beneficiary
- Find out if the product is an immediate benefit or graded (delayed full benefit)payout
- Don't buy more than you need to get you into the ground
- Don't buy it if you are healthy
- Make sure you can't get into a group plan first
- Try to increase coverage on your current life policy
- If you have the cash up front, a pre-paid funeral MAY be cheaper
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