Burial or funeral insurance is a type of whole life insurance that covers the cost of your funeral, cremation expenses, and other end-of-life expenses. This insurance policy covers end-of-life expenses like medical bills, funeral expenses, and other debts left behind when you pass.  Next of kin can also use the insurance at the beneficiary's discretion to pay off debts, including medical bills, mortgage loans, or credit card bills. Given the high cost of funerals, having a burial insurance policy can help relieve any costs your loved ones face due to your passing.