Planning for the inevitable is never easy, but it’s one of the most thoughtful things you can do for your loved ones.
For residents of St. Louis, Missouri, as well as surrounding areas, securing burial insurance ensures your family members are not left with the heavy burden of end-of-life expenses, including both funeral expenses and burial expenses.
I’d like to walk you through the essentials of final expense insurance, how it works, and why it’s a smart choice for protecting your beneficiaries when you are gone.
What Is Burial Insurance?
Burial insurance, also referred to as final expense insurance, is a type of life insurance specifically designed to cover funeral costs, medical bills, and other related expenses. Unlike traditional life insurance policies, these plans offer smaller insurance coverage amounts, usually between $2,000 and $25,000.
They are accessible to those that are healthy as well as those with pre-existing health conditions or who may not qualify for other forms of insurance plans due to underwriting requirements.
Some burial insurance policies are guaranteed issue, meaning no medical exam or health questions are required. While there may be a waiting period of up to two years before the full death benefit is payable, this coverage provides peace of mind knowing your funeral service and associated costs are handled.
The rule of thumb to remember is the more health questions you can answer, the cheaper your policy premiums will be, and a good insurance agent will guide you through that path.
Why Burial Insurance Matters in St. Louis
The cost of a funeral service in St. Louis can range from $6,000 to over $10,000, according to the National Funeral Directors Association.
With prices climbing for both traditional burials and cremation services, the expenses can be overwhelming for families. Having a life insurance policy dedicated to covering these costs alleviates this financial burden.
Local Funeral Homes in St. Louis
When planning for your final arrangements, you might consider the services of trusted funeral homes in the area, such as:
- Baue Funeral Homes: With multiple locations in the St. Louis area, Baue Funeral Homes offer traditional burials, cremation services, and personalized options to honor your wishes.
- Kutis Funeral Homes: A family-owned business with three locations, Kutis is known for compassionate care and tailored funeral services.
- Ambruster Chapel: Located on Clayton Road, Ambruster provides elegant, full-service options for both traditional and modern memorials.
These funeral homes are accustomed to working with various types of insurance coverage, ensuring your death benefit is used efficiently to honor your wishes.
Important Tip: Your beneficiary will be your loved ones, not the funeral home. The death benefit payments go directly to your chosen beneficiaries, who then manage the expenses.
How to Choose the Right Burial Insurance Plan
Choosing the right burial insurance policy comes down to understanding your needs and working with a trusted insurance agent. Here are some tips:
- Determine Coverage Needs: Estimate your funeral costs, including the type of service you prefer.
- Compare Insurance Plans: Providers like Mutual of Omaha and AIG are well-known for offering reliable final expense insurance with reasonable premiums.
- Understand Policy Terms: Look for details on the cash value, whether there’s a waiting period, and if it’s a permanent life insurance policy.
- Get a Free Quote: Most insurers provide a free quote to help you compare options.
Local Expertise: The Legacy Group
At Redbird, we believe in connecting people with great resources, and local is always our preferred method!
If you’re in St. Louis, our trusted partner, The Legacy Group specializes in helping Missouri residents find the right burial insurance for their needs. Their team understands the unique preferences of our area and will work to find the perfect plan for you and the Legacy Group has been a trusted partner for Redbird for nearly 20 years.
Call The Legacy Group today for a free quote and learn about the insurance plans available to help protect your loved ones.
Why Choose Burial Insurance?
Securing burial insurance is a proactive step toward reducing the stress and uncertainty your loved ones may face after your passing. It ensures that your final wishes are met, covering funeral expenses and other costs while providing your family with financial and emotional relief.
Whether you’re considering a policy with Mutual of Omaha or a smaller life insurance company, take the time to plan ahead. Start by contacting a trusted insurance agent, reviewing your coverage needs, and ensuring your premiums fit your budget.
Planning for the inevitable doesn’t have to be daunting. With the right burial insurance, you can secure your legacy and provide your family with lasting peace of mind.