When someone dies, their loved ones are often left with the burden of organizing and paying for the funeral. This can be a difficult and expensive process, especially if the deceased did not have life insurance. One way to help ease the financial burden of funeral expenses is to purchase preneed funeral insurance. In this guide, we will discuss everything you need to know about preneed funeral insurance!
What Is Preneed Funeral Insurance?
Preneed Funeral insurance is a type of life insurance that is used to pay for someone’s funeral. This type of insurance will help to pay for the funeral costs, even if they increase in the future.
Preplanned funeral and cemetery services are just a contract. The contract is funded by a life insurance policy or an annuity.
The funeral home typically sells life insurance policies to the people who are not insured. The funeral home gets a commission for selling the policy.
Helpful Tip: It may be cheaper to buy an ordinary life insurance policy. Shop around and compare prices.
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