Burial insurance usually refers to a whole life insurance policy with a death benefit of from $3,000 up to $20,000 or more.

As its name implies, people buy this type of life insurance policy to provide money to pay for the funeral and burial costs for themselves and/or family members.

Many people who do not have enough money saved to cover the cost of their final expenses choose to purchase a burial policy so their loved ones do not have to suffer the financial stress of finding money to pay for their funeral and burial upon their passing.

 Learn more about getting a burial policy.