Burial Insurance

Burial insurance may be a terribly recent kind of insurance that is paid out upon death to hide final expenses, like the value of a ceremonial. The Greeks and Romans introduced burial insurance c. 600 cerium once they organized guilds known as "benevolent societies" that cared for the extant families and paid ceremonial expenses of members upon death. Guilds within the Middle Ages served an analogous purpose, as did friendly societies throughout Victorian times.