What Is Burial Plot? Definition | Epic Life Glossary

Why it matters

Cemetery plots, opening and closing fees, markers, and vaults are often billed by the cemetery, not the funeral home. These costs can add up. The FTC Funeral Rule applies to funeral providers, and cemeteries may have separate rules. Buying a plot early can lock in a location, but terms vary, so get everything in writing. Prices depend on the cemetery and area. Life insurance proceeds may help cover these costs.

Source: en.wikipedia.org

Related terms

Funeral Costs: Funeral costs are the expenses for a funeral or other final arrangements, such as services, a casket or urn, a burial plot or cremation, and transport. Prices vary widely by provider and location.
Cremation: Cremation is the reduction of a body to ashes by heat. Families may choose direct cremation, with no service, or a cremation with a memorial or funeral.
Final Expenses: Final expenses are the costs that come up near the end of life, including funeral or cremation, burial, medical bills, and small debts. Final expense insurance is built to help pay them.
Pre-Need Funeral Contract: A pre-need funeral contract is an agreement to pay for funeral goods and services in advance. The money may be held in a trust or backed by an insurance policy.
Burial Insurance: Burial insurance is a common name for small whole life policies that pay for burial, funeral, and related costs. The term is used the same way as final expense insurance. The benefit goes to a named beneficiary.

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