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Burial insurance is a type of whole life insurance policy that can be used to cover your burial and other funeral costs. You can generally purchase one of these policies after you turn 50 to help ...
Whole or universal life insurance: These types of permanent life insurance policies provide coverage for your entire life (up to a coverage age of 95 to 121) as long as premiums are paid. While ...
Term life insurance: Provides coverage for a specified period, such as 10, 20 or 30 years, at a fixed rate. It’s generally more affordable but only pays out if the policyholder passes away ...
These policies are often low face value whole life insurance policies, allowing individuals (ages 50-90) to purchase affordable insurance later in life. These may also be marketed as final expense insurance or burial insurance and usually have death benefits between $1,000 and $50,000.
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On December 31, 1999, SCI owned and operated 3,823 funeral service locations, 525 cemeteries, 198 crematoria and two insurance operations located in 20 countries on five continents. [8] In 1999, SCI also introduced its Dignity Memorial branding. [9]
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