Burial Insurance And Human Composting

Burial insurance human composting is an eco-friendly alternative to traditional burial and cremations that would revolutionize the funeral industry.

Human composting or recomposition mimics the natural decomposition process and creates beneficial effects. With cemeteries filling up fast in rural areas, human composting would address space issues, accessibility, and environmental issues.

Human remains will be placed inside large, cylindrical tubes lined with organic matter like wood chips, alfalfa, and straw. A controlled supply of oxygen would help speed up decomposition, and within four to seven weeks, the body would produce roughly a cubic yard of compost.

Recomposting will benefit people who can’t afford traditional burial or those who don’t want to be cremated. The cost of recomposition is estimated to be $5,500, which is considerably cheaper than a burial, which cost $8,755 on the average while the average cost of an adult funeral with cremation is $6,260.

Burial insurance can help families cover the cost of a funeral, burial or human composting, and other ends of life expenses. This article will dive deeper into some of the benefits of human composting and burial insurance.


WHAT IS HUMAN COMPOSTING?

Human composting or recomposition is the brainchild of Katrina Spade, CEO and the proponent of non-profit Urban Death Project and public-benefit burial company Recompose.

Human composting is a natural process of decomposition which reduces the human body to the soil using high-carbon materials like carbon, wood chips, straw, alfalfa, and moisture. The remains are also heated to 131°F or 55°C to kill off contagions that make the soil safe to use.

Recomposition involves moving the remains to a specially designed facility and placing it inside the vessel full of wood chips, straw, alfalfa, and carbon. After four to seven weeks of microbial activity, the body will break down into soil that can be given to the family to be used for planting or used by conservation groups to nourish the land.

Washington State has become the first U.S state to legalize human composting as an accelerated decomposition method that transforms human remains into the soil.

Human composting is an eco-friendly alternative to cremation and burial method was officially signed into a bill by Governor Jay Inslee on May 21, 2019, and the law will go into effect on May 1, 2020.

Traditional burial and cremations have a marked environmental cost. In America, the following amount of materials are used every year for traditional burial:

  • 30 million board feet of wood
  • 1.6 million tons of concrete
  • 90,000 tons of steel
  • 800,000 gallons of embalming fluid

During cremation, the remains are placed in a pine box in a 1,400 to 1,800 degrees high-temperature oven. After a few hours, what’s left is a gray powder with lumps of bones.

The environmental impact of cremation is not minor. Most crematoria are fueled by gas, some use filters to reduce pollutants, but it still results in carbon monoxide, soot and trace metals like mercury which are released into the air.

Cremation releases 250,000 tons of CO2 into the atmosphere every year, which is the equivalent of burning 30 million gallons of gasoline. In spite of this, cremation still has an environmental advantage over traditional burial – think of all the resources used to bury the deceased.

In 2018, more than half of 2.8 million dead in the U.S were laid to rest via cremation. According to the data of the National Funeral Directors Association, by 2035, only 15% will use the traditional burials.

Just imagine the environmental impact of these more environmentally friendly burial methods!

Traditional burials have a higher carbon footprint than recomposting. The human composting process only uses an 8th of the energy needed for cremation and conserve more than one metric ton of CO2 for every person that uses it.


HOW MUCH DOES A FUNERAL COST?

The funeral cost is often the biggest single final expense for most families.

According to the National Funeral Directors Association (NFDA), the average cost of an adult funeral today is $8,755. This amount only includes the most commonly used items for a funeral. It doesn’t cover the cost of the burial. A burial plot can cost around $2,000, so the average funeral can cost over $10,000.

Here is the average  funeral cost from NFDA:

AVERAGE COST OF AN ADULT FUNERAL WITH VIEWING AND BURIAL

  • $2,100 – Basic funeral services fee
  • $325 – Removal of the body to the funeral home
  • $725 – Embalming
  • $250 – Other preparation of the body
  • $435 – Use of funeral facilities and staff for viewing
  • $500 – Use of funeral facilities and staff for a funeral ceremony
  • $150 – Service car
  • $325 – Hearse
  • $160 – Basic memorial printed package
  • $2,400 – Metal Casket
  • $1,395 – Vault
  • $8,755 – TOTAL

AVERAGE COST OF AN ADULT FUNERAL WITH VIEWING AND CREMATION

  • $2,100 – Non-declinable basic funeral services fee
  • $325 – Removal of the remains to funeral home
  • $725 – Embalming
  • $250 – Other preparation of the body
  • $435 – Use of funeral facilities and staff for viewing
  • $500 – Use of funeral facilities and staff for a funeral ceremony
  • $150 – Service car
  • $160 – Basic memorial printed package
  • $350 – Cremation fee
  • $1,000 – Cremation Casket
  • $275 – Urn
  • $6,260 – TOTAL

There may be other funeral expenses not included in this list depending on the type of funeral service that you choose, the type of casket, headstone, additional services, and miscellaneous items that you will use.

Prices can differ base on the location of the funeral and burial. For example, a funeral chapel service can be more expensive if it will be conducted at a chapel which is far from the funeral home.


PROPOSED COST OF HUMAN COMPOSTING

The cost of recomposting or human composting soon to be offered by Recompose will be $5,500, which is considerably cheaper than traditional funeral and cremation.

Most American families don’t have the funds to pay the cost of funeral and burial. In fact, a study shows that approximately 62% of Americans only have less than $1,000 in savings. How can their family afford to pay all the cost associated with funeral and burial that could cost more than $10,000?

That is the reason why having burial insurance human composting is important. Burial or final expense insurance can protect your family from the financial burden associated with dying.


WHAT IS BURIAL INSURANCE?

Burial insurance is also called final expense or funeral insurance that can cover the cost of a funeral, burial, and other final expenses. Buying burial insurance can protect your family from the financial burden when you pass away.

Once you pass away, the life insurance company will pay a tax-free amount directly to your beneficiary. There are no limits on how the death benefit payout money can be used.

If there is anything left after the funeral and final expenses have been paid, the money will stay with your beneficiary to use however they see fit.

You can easily qualify for burial insurance because it has a relaxed underwriting process. Most people with pre-existing medical conditions can be eligible because there is no medical exam required and you only have to answer some health questions.

Your application can be submitted online or over the phone. Approval is quick, and you can often get approved on the same day that you apply.

Burial insurance can be an excellent alternative for people who won’t qualify for a traditional term or whole life insurance because of some health issues.

You can be eligible for burial insurance regardless of your medical condition because there are plans that do not ask health questions at all.

Burial insurance is whole life insurance that works this way:

  • No medical exam
  • Fixed monthly premiums for life
  • The death benefit amount is guaranteed never to decrease
  • The policy will never expire when you reach 80 years old
  • Accumulates cash value

If you do not expect to have enough funds at the end of your life to cover your funeral and final expenses, then a burial insurance policy might make sense for you.

Even if you expect to leave enough money to your family, you may not want your estate or savings depleted by your final expenses. Having a burial insurance policy in place is one way to ensure that your entire estate will be available to your loved ones.

Burial insurance is all the more important today since there are more and more people entering into their elderly years and coming close to retirement with inadequate funds. The need for final expense insurance is more crucial now than ever.


WHO NEEDS BURIAL INSURANCE?

People in either of these situations need burial insurance:

  1. Those who have no life insurance coverage.
  2. Those whose family and friends don’t have the financial capacity to cover the cost of a funeral and final expenses
  3. Those who have savings but not enough to cover the cost of a funeral
  4. Those who have an outstanding debt
  5. Those who want a different insurance policy to cover his funeral and burial expenses.
  6. Those who are still paying off debts and medical bills
  7. Those who have cash but would rather not use it for final expenses
  8. Those who do not want to burden their family when he passes away
  9. Those who wish to leave a charitable donation to an organization or person important to him.


WHO CAN APPLY FOR BURIAL INSURANCE POLICY?

Anyone 0-85 years old can apply for burial insurance. There are few factors that determine if you will qualify for burial insurance, such as:

  1. Age: Some insurance plans are not available to all ages
  2. State of Residence: Some burial insurance company is not licensed to sell in every state.
  3. Health: The plan you will qualify is based on health; however, some plans have no health questions.

The common age of availability is 50-85. Your options will vary depending on your health and state of residence if you are younger than 50 or older than 85.


DIFFERENT TYPES OF BURIAL INSURANCE

You can either apply for a burial insurance policy that has underwriting meaning you need to answer health questions, or you can apply for one that does not have health questions.

The policy with no health questions is called guaranteed issue whole life insurance. Burial insurance with underwriting has three different plans. Which type you can qualify for will depend on your health.

Every insurance company will ask a different set of health questions. After that, they will electronically analyze your prescription history to verify your answer to the health questions and your health status.

Here are the three plans for underwritten burial insurance:

1. LEVEL BENEFIT

You’ll qualify for level benefit plan if you answer “no” to all the health questions. You are covered immediately upon approval, and your beneficiary will receive a 100% death benefit if you pass away.

There will be no waiting period if you are approved for this plan.

A level death benefit is the best possible plan you can receive. You will be able to access the company’s lowest possible rate. Some insurance companies use the word “preferred” instead of “level” to describe their best premium.

2. GRADED BENEFIT

A graded plan is a medium option where the insurance company views your health profile as riskier.

You would get this plan if you said yes to any of the health questions in the graded section. You will be charged anywhere from 15-40% more for this policy.

The graded plan provides partial coverage during the first two years of the policy. The life insurance benefit will pay out a reduced amount for the first two years.

For example: If you’re approved for a $20,000 death benefit, many insurance companies will pay out 30% of the 20,000 if you die in the first year, 70% in the second year and 100% in the third year and beyond.

Different insurance companies have different payout schedules, and it’s important to read the fine print to understand before making any purchase.

3. MODIFIED

A modified plan is the highest risk plan designed for those with a pre-existing medical condition.

The company charges 15-50% more on your premiums for a modified plan.

They will offer this plan if you answer yes to the health issues in the “modified” section. Events like stroke, heart attacks, or cancer within the last two years will put you in modified benefit.

There is a two-year waiting period for the modified plan. If you pass away during this time, the insurer will not pay out the full benefit of your policy. Instead, they will return 110% of your money. Modified plans return premiums plus 7-10% interest during the first two years.

However, if you die from an accident, they would pay out 100% full death benefit even during the waiting period.

GUARANTEED ISSUE BURIAL INSURANCE (No Health Questions Asked)

Even though burial insurance plans have lenient underwriting, some health conditions are so risky, and they are considered uninsurable.

Guaranteed issue is the only option in this case.

If there is no such plan, people with these medical conditions will not get any coverage at all. GI plans have no medical exam and no health questions. Your approval is guaranteed if you satisfy the age and billing requirements.

Guaranteed issue insurance policies have a two-year waiting period. If you die during the first two years, the insurer will only refund your premiums paid plus 7-10% interest. Since the insurance company is taking more risk, they charge more to compensate for the increased risk.

Guarantee issue policy is your only option if you have any of the following medical conditions:


HOW CAN FUNERAL FUNDS HELP ME?

Trying to find a policy if you are interested in burial insurance human composting needn’t be a frustrating process; working with an independent agency like Funeral Funds will make the process easier and quicker.

If you have a pre-existing medical condition, let us help you; we will work with you side by side to find a plan that fits your needs.

We will work with you every step of the way to find the plan that fits your financial requirements and budget. You don’t have to waste your precious time anymore searching for multiple insurance companies because we will do the dirty work for you.

We will shop your case to different insurance carriers and get you the best price.

We work with many A+ rated insurance carriers that specialized in covering high-risk clients like you.  We will search all those companies to get the best rate. We will match you up with the best burial insurance company that gives the best rate.

We will assist you in securing the coverage you need at a rate you can afford. So, if you are looking for human composting funeral insurance, or human composting burial insurance, or human composting life insurance. Fill out our quote form on this page or call us at 888) 862-9456 and we can give you an accurate quote.