What Type of Insurance To Choose For My Parents?

What Type of Insurance To Choose For My Parents?

With Burial Insurance, you can choose from permanent insurance or level term burial insurance. With standard term insurance your elderly parent (mom or dad) will only be covered for a set period ex. 5, 10, or 15 years.

Two Types Of Burial Insurance

• Permanent Burial Insurance
• Level Term Burial Insurance

With a permanent burial plan, the coverage lasts throughout the remainder of your parent’s life. Permanent burial insurance is not as affordable as term insurance.

Besides, if your parents are quite old, term life insurance may not be available to purchase beyond the life expectancies of your parents. In our professional opinion, one is definitely a better choice than the other –for a well built Burial Insurance Plan, permanent burial insurance is the only way to go.