The beneficiary of the burial insurance plan can use the payout to cover any expenses necessary, but a prepaid funeral can overpay for the cost of the burial and related expenses.
Not exact matches
In some cases the
burial insurance policy can be purchased directly from a funeral home as part
of estate
planning, and the policyholder can name the funeral home as the
beneficiary.
With final expense
insurance, you and your
beneficiaries know what the money is supposed to be used for, taking much
of the stress out
of planning your
burial.
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