Burial Insurance

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • grave
  • cremation
  • funeral insurance
  • crypt
  • coffin
  • burial services
  • entombment
  • deep six

Definition of Burial Insurance

  1. A form of life insurance policy that covers funeral expenses, generally with a level premium up to the age of one hundred. Also known as "final expense insurance" or "funeral insurance."

Related Terms and Acronyms

  • Accidental Death and Dismemberment Insurance Definition,
    • Insurance coverage for death or dismemberment (the loss of a body part).
  • Living Benefits Definition,
    • The option for a life insurance policyholder to receive a portion of their death benefit in advance of their death.
  • Accidental Death Benefit (ADB) Acronym, Very Important,
    • An additional benefit that pays an additional sum to a beneficiary if the cause of death is deemed to be accidental.
    A life insurance policy rider.
  • Casualty Definition,
    • A liability or loss that results from an incident or accident.
  • Death Benefit (DB) Acronym, Very Important,
    • A payment or series of payments made to the beneficiaries of a life insurance policy.
    An amount paid to a beneficiary in a life linsurance policy.
  • Critical Illness Insurance (CII) Acronym, Very Important,
    • Insurance that covers individuals in the event of a critical or catastrophic illness.
    A health insurance policy rider.
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