Yesterday we listed the first 5 of our 10 tips on buying funeral insurance, also known as burial insurance or coverage, covering tips on the application process including choosing an insurer and ensuring that your policy in written form adheres to your impression of what you have purchased. Here are the final 5:

1. After you receive your policy and policy summary, you have a 30 days called a "cooling-off" period in which to cancel your policy if you change your mind or determine that it isn't what you thought it would be.
2. Should you decide to change your beneficiaries, make sure you make sure that your policy is always up to date and names those who will best carry out your wishes after your death.
3. Pay your premiums on time and keep your proof of payment to ensure that your policy isn't cancelled or your claims go unpaid due to lack of payment. You will likely have a grace period of 15 days after a payment is due, but if you set up an automatic payment with your bank or a credit card, you will have one less thing to worry about.
4. If you make any changes to your policy, such as upgrading it or changing the beneficiary, make sure that you keep proof of all your contact with salespeople and the changes you made.
5. Despite the difficult emotions that accompany death, your beneficiary should file the claim as soon as possible as your policy may have a cut-off period, after which all claims will be denied. Should their claim be denied, there should be written notification.
   

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