
Burial Insurance vs. Life Insurance: What’s the Difference?
While both burial insurance and life insurance provide a payout to your beneficiaries, they serve different purposes. Burial insurance is intended specifically for end-of-life expenses, while life insurance can cover a wider range of financial needs.
Key Differences
- Coverage Amount: Burial insurance offers smaller payouts ($5,000–$25,000) vs. life insurance (can be $100,000+).
- Purpose: Burial insurance is for funeral costs; life insurance can cover debts, income replacement, and more.
- Qualification: Burial insurance is easier to qualify for, often with no medical exam.
Choosing the right policy depends on your financial goals and family’s needs.
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