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In this post, we take a closer look at buying a burial. Web what is burial insurance? Burial insurance—also known as “funeral insurance” or “final expense insurance”—is a type of life insurance meant to cover final. This is because burial policies are meant for. There are generally three types of. Web given the high cost of funerals, having a burial insurance policy can help relieve any costs your loved ones face due to your passing. Web burial insurance is a type of life insurance, but it has a much smaller benefit amount than traditional life insurance policies. Web to help cover the financial burden of their final expenses, you can buy burial insurance for your parents. Web a final expense policy can help your family cover your funeral costs and medical bills.