buy funeral insurance and which policy to buy

 If you are considering funeral insurance, then congratulate yourself. You're thinking about the future - and beyond.

For most of us, retirement planning is about deciding how to make our money last for the rest of our lives. A crucial part of the plan that's easy to forget is determining how much money will be needed to cover the expenses required to close our affairs after we're gone. So if you work to understand this, you're ahead of the game.

The decision of whether or not to buy funeral insurance and what policy to buy is not a simple decision. That's because, like most insurance, funeral insurance has its own language. To help you, we've done some homework for you. We'll walk you through the process, step by step, and help you make the decision that's right for you.

What is funeral insurance?

Simply put, funeral insurance is a life insurance policy designed to pay for your funeral, burial and other "final expenses. Funeral insurance is also called burial insurance, final expense insurance, or pre-need insurance. These policies are all essentially the same thing, but there are some differences, and we'll explain them to you. For simplicity, let's call it funeral insurance.

Read on to find out everything you need to know about buying funeral insurance, including

Estimate how much you'll need to cover your final expenses.

Decide if you really need funeral insurance.

Decide what type of policy to buy.

Determine if you can afford the policy you want.

Determine the best place to buy a funeral insurance policy.

Decide how to start buying funeral insurance.

THE WISE WAY TO STORE FOR FUNERAL INSURANCE

Here are the steps a wise shopper will follow when buying funeral insurance. Each step is explained in detail below.

Planning for final expenses

Estimate your final expenses.

Determine if you will leave enough money behind.

Decide if you need funeral insurance

Decide what type of insurance you want

Get a funeral insurance quote.

Decide if you can afford the coverage you want.

Choose a funeral insurance provider.