Get burial insurance, regardless of health

Whole Life Insurance and Burial Insurance

Burial insurance is really just easy issue, low benefit whole life insurance. Some drawbacks with whole life coverage (that also apply to burial) include:
  • You can't choose between interest bearing accounts
  • You can't change the monthly premium (like universal life)
  • You may not be able to increase the benefit
  • Your cash value may be lower than your face value
  • Interest is only changed once per year
Some benefits to whole life, that you DON'T get with burial include:
  • Can give you a lower premium for good health
  • Larger face amounts
  • Typically higher interest rates
  • Greater ability to borrow cash value
  • Can be used for estate tax
Review some of the benefits and problems of burial insurance.

If you can survive death, you can probably survive anything.

- Maxwell Smart