Also known as pre-need, graded life or guaranteed issue life insurance. Here are some tips for those low benefit insurance:

• Find out your state's laws on pre-need insurance.
• Calculate if the benefits are paid out right away or on a graduated or graded basis based on how long you live.
• Make sure you receive your burial insurance policy in a timely manner.
• Do not accept any documents that have not been completely filled in and signed in your presence.
• Before buying a burial policy, discuss your options with your family and lawyer to make sure it’s consistent with your will and estate planning.
• Do not accept any documents that have not been completely filled in and signed in your presence.
• Make sure the funeral arrangements can be moved to any funeral home at any time. This is important, especially if you move after buying the “pre-need” plan.
• Check and confirm all of the arrangements, services and products sold as part of the “pre-need” plan, and make sure those details are spelled out in writing.
• Make sure you receive at least one statement each year detailing the status of your account.
• Verify the license of the agent, funeral director, or insurance company before doing business.
• Take advantage of any "free look" laws your state might have to review your policy before you are locked in.
• The Federal Trade Commission requires funeral homes to give you a written price list of available goods and services.
• if purchasing through a funeral director, make sure they provide price guarantees. If not, the life insurance death benefit you get today might not cover the costs of your funeral.