Burial Insurance Topics
Small Face is a part of CIGI Direct Insurance services, which was founded in 1986. The company claims to have customers in every state and “possibly every zip code” in America. The firm’s burial insurance plan requires no medical exam. Benefits range from $2,500 to $300,000 depending on which plan you qualify for and what premiums you can afford.
What is burial insurance from Small Face?
Burial insurance is usually referred to as final expense or funeral insurance by insurance companies. It is a type of life insurance that pays a fixed amount to a beneficiary after the policyholder dies. Burial insurance is less expensive than regular life insurance. It usually features lower monthly premiums, and it is usually easier to qualify for burial insurance even if you are in bad health. Burial insurance is intended to cover the costs of funerals and related services.
Why is burial insurance necessary?
Burial insurance is necessary if you don’t have money set aside to pay for your funeral or other final expenses. Your surviving loved ones will be responsible for paying any debts that your burial or body disposal services incur. It’s a good idea to leave them a lump-sum payment that covers some or all of these costs, which average around $10,000 in the United States. Burial insurance may also be used in lieu of a regular life insurance policy if you are not able to qualify for the latter.
How much burial insurance is necessary?
Burial costs average around $10,000 in 2016, though this amount has historically risen between five and eight percent annually. Most burial insurance policies pay in the neighborhood of $10,000. Higher payouts are available, but they require higher premium payments. They may also have health-related qualification restrictions. If you plan to have a modest burial service, a $10,000 final expense policy will likely cover most if not all of your surviving family’s expenses.
How to get started with Small Face
If you are already a Small Face insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can contact a customer service representative via the company’s website or the information listed below. You may also shop for policies using our comparison tool by clicking on the following link.
Financial Strength Ratings
AM Best – C-, No rating
Moody’s – No rating
Standard & Poor – No rating
Company contact info
CIGI Direct Insurance Services
232 F Street
Salida, Colorado 81201