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Memorial cards are referred to by a variety of names. They may be called funeral cards, memorial cards, or prayer cards. Regardless of what they are called, the cards are popular as a meaningful keepsake for those who attend services for the deceased.

Burial insurance usually refers to a whole life insurance policy with a death benefit of from $5,000 to $25,000. As its nickname implies, people buy this type of policy to provide money for funeral and burial costs for themselves and/or family members.

Burial insurance is a type of funeral expense life insurance policy designed to cover the cost of your funeral or cremation expenses when you die. After you die,burial life insurance pays the death benefit of your policy directly to your beneficiary who can use the money in any manner.

Funeral expense insurance can be used to pay for the cost of the funeral alone, or it can cover additional final expenses such as outstanding medical bills, legal costs, or any other debts that you owe, such as credit card bills.

Burial/Final Expense policies are typically purchased in the $5,000 to $25,000 range, though many companies offer up to $50,000. As with all insurance, the cost is based on your age and health when you start. Clients often tell us the cost is higher than they anticipated.

For example, they may be afflicted by a severe disease or simply may not have the financial means to pay insurance premiums. In such instances, you, as a dependent, may be able to purchase elderly insurance that covers your financial expenses upon the passing of your parents.