End of life expenses can come unexpectedly, leaving family and loved ones no choice but to struggle during difficult times. Luckily, you can take steps to ensure family members have the financial resources they need to make important decisions when you pass. Securing quality burial insurance in New York is a personal choice many people are making as part of estate planning. If you are considering looking into your options with burial insurance, here’s what you should know.
Burial Insurance in New York is an Affordable Option
If traditional senior life insurance is too costly or the coverage is too much, burial insurance may be a good alternative. Coverage limits can be as low as just a few thousand dollars, keeping your premiums manageable while ensuring there will be funds available to pay for a basic funeral and services. In fact, the right burial insurance in New York is an affordable option that can give you peace of mind knowing your family will not shoulder the burden of your debt when you are no longer here.
Benefits Can Be Used For More Than Just A Funeral
Most people don’t realize that the benefits from a typical burial insurance policy can be used to pay for more than just the funeral. While typical end of life expenses include flowers and a headstone, the cemetery plot and funeral services, the funds can also be used to pay for other unexpected costs. Medical expenses, legal fees, an outstanding mortgage, even credit card debt can be satisfied using burial insurance benefits.
The Application Process is Easy and Convenient
With no intrusive medical exam or doctor’s visit, applying for burial insurance in New York couldn’t be any easier. Most insurance companies provide guaranteed coverage for people up to age 85, meaning you can secure a burial insurance policy at any age. Simply answer a few standard questions and you’re on your way. It’s a good idea to compare a few plans to look for coverage and rates that suit your needs best.
Planning ahead for end of life financial expenses is a responsible thing to do for family and loved ones. With the average costs of a funeral in the thousands, securing quality, reliable burial insurance is a smart financial strategy and a great way to get the peace of mind you deserve.