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Why is a Burial plan usually more costly than Term insurance?

April 26, 2017burial Insurance Plan term usually

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Why is a Burial plan usually more costly than Term insurance?

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Its very simple: A Burial plan covers you for your whole life, cannot be cancelled if you pay your premiums, and will pay your benefits 100% of the time; A Term plan covers only for a period of time, after that period you have NO insurance, and it will NOT pay any benefits after your term period has ended. Most people outlive their Term policies. You cannot outlive your Burial policy.