Death is an unfortunate guarantee in life and, in an already difficult time, you don’t want your loved ones to have to worry about paying for funeral expenses. Funeral insurance can provide peace of mind to you and your family by covering funeral costs. Funeral insurance provides assistance and benefits to cover the cost of your funeral services.
Contrary to popular belief, life insurance in Canada does not always cover your final wishes. Life insurance creates cash for your beneficiaries – family members and loved ones. Its important not to wait because it becomes more expensive each year.
Burial insurance is a subset of life insurance that is designed to make funerals more affordable. You can apply for this coverage long before you need it, then your family can make a claim when there are bills to be paid. This insurance policy coverage can also be as little or as large as you would like. So, whether you want a large celebration or an intimate one for family members, you can trust that there will be enough money available for your celebration of life.
It can be difficult to determine exactly what you will need to spend on your celebration of life. Funeral homes, caskets, services, flowers and other final expenses can add up. In British Columbia, the average cost of a funeral is between $1,000 and $12,000 depending on the details of your service. And, with other outstanding expenses, your family members may be unequipped to cover the cost of your passing.
Your burial insurance policy will help pay for:
Make your celebration of life a more peaceful time for your family. End of life insurance can allow your family to grieve in peace knowing that your expenses are covered.