Burial insurance is a cash policy, which means it builds a cash value over time. Premiums to this type of insurance do not change, and this policy provides permanent coverage. Some of the costs covered by this insurance include funeral service, cemetery plot and headstone, casket, funeral procession and other miscellaneous costs.
Also referred to as final expense insurance and funeral insurance.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
burial insurance — Insurance that covers the cost of disposing of a person s remains. Category: Personal Finance & Retirement Category: Wills, Trusts & Estates → Getting Your Affairs in Order Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson… … Law dictionary
burial insurance — A contract for the payment of burial or funeral expenses at the death of the holder, usually an older person of limited, financial means. 29 Am J Rev ed Ins § 8. In its ordinary form, it is a contract issued by an association whose declared… … Ballentine's law dictionary
insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or … Law dictionary
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
burial — Act or process of burying a deceased person; sepulture, interment, act of depositing a dead body in the earth, in a tomb or vault, or in the water. The act of interring the human dead @ burial insurance A contract based on legal consideration… … Black's law dictionary
Burial society — Burial societies are a form of friendly society. These groups historically existed in England, and constituted for the purpose of providing by voluntary subscriptions, for insuring money to be paid on the death of a member, or for the funeral… … Wikipedia
burial society — noun An insurance society for providing the expenses of burial • • • Main Entry: ↑burial … Useful english dictionary
burial policy — An insurance policy that covers the cost of disposing of a person s remains. Category: Wills, Trusts & Estates → Getting Your Affairs in Order Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009 … Law dictionary
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
burial society — /ˈbɛriəl səsaɪəti/ (say bereeuhl suhsuyuhtee) noun an insurance society providing for funeral expenses … Australian English dictionary