What is Funeral Insurance? | Hamel-Lydon Chapel & Cremation Service of MA

Most people are familiar with life insurance, but funeral insurance is a lesser-known option for those planning end-of-life affairs. Just as life insurance helps support the deceased's loved ones, funeral insurance serves the same purpose in a more specific way. The cost of end-of-life services and laying a loved one to rest can add up quickly. Family members are often unprepared or unable to pay for such expenses, especially if the death was unexpected. Funeral insurance can help to prevent situations like this from arising and ultimately make the aftermath of the loss of life easier to manage.

Why Not Rely On Life Insurance?

Life insurance is an investment with many benefits; however, funeral insurance can be a valuable asset immediately following a death. Funeral insurance only covers funerary-related expenses and is, therefore, a much smaller payout than what is available from a life insurance policy.

While a smaller payout may not seem like a good thing, it is ideal in this situation. This is because it makes funeral insurance more affordable and less restrictive. A funeral insurance policy can typically be obtained relatively quickly and usually does not require a health exam, making it a viable option for individuals in hospice care or at the end stages of illness. Funeral insurance policies also generally pay out more quickly than life insurance policies.

What Does Funeral Insurance Cover?

We don't often think about the costs of death, funerals, and laying the deceased to rest, but there is much to consider. One of the most significant benefits of funeral insurance is that it covers funeral-related expenses that you may not expect. Of course, this includes standard expenses, such as caskets, cremation services, and burials. Depending on the policy, it can also pay for flowers, a reception venue, refreshments, and accommodations for loved ones who may need to fly in from out of town or spend several nights in a hotel while assisting with funeral arrangements.

How Funeral Insurance Can Help You

It can be challenging to plan for one's death, but funeral insurance is a gift that can assist your loved ones after you pass away. By making thorough end-of-life plans, you can ensure that your family can focus on celebrating your life rather than making arrangements or worrying about finances.

How Hamel-Lydon Can Help You During A Time Of Loss

If you're interested in learning more about funeral insurance or are ready to start setting a plan in motion, Hamel-Lydon can help walk you through every step of the way. Our knowledgeable and compassionate staff will answer any questions you may have and assist you in choosing the right option for you and your family. Contact us to get started.