Burial insurance, also known as funeral or final expense insurance, is a type of whole life insurance policy designed to cover funeral, burial, and other final expenses. It is typically a whole life insurance policy with a small death benefit, ranging from $5,000 to $25,000, that is meant to take care of final expenses and funeral costs. Burial insurance policies can vary between life insurance companies, so the death benefits and premiums can vary depending on gender, health, and age. The premiums are usually payable weekly or monthly, and the premium is usually a small round number, such as $2 or $3 per week. The death benefit is whatever that premium will buy given the insured’s current age. Burial policies may be designed to cover one person or everyone in a family. Burial insurance can also be used at the beneficiarys discretion to pay off debts including any medical bills, mortgage loans, or credit card bills. Burial insurance offers some flexibility and can help relieve the financial burden of paying for a funeral at a difficult time.