Sentences with phrase «named funeral home»

As an alternative to having the benefit paid out to a family member or other loved one, some final expense insurance policies can instead be paid out directly to a named funeral home.

While the Funeral Advantage program is available in every state besides New York, you won't be able to name a funeral home as your beneficiary if you live in any of the following states:

Some people who buy final expense life insurance will name a funeral home or other related service provider as the beneficiary of their policy.

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.

When you name the funeral home as the beneficiary of your policy, the costs are prepaid, leaving family members with little or no responsibility for payments.

Not exact matches

The local resident noted that services for many bold - faced names were common at the funeral home.

Just get the full names of your deceased relatives and try tracking down their death certificates, obituaries, or funeral home records, which often list a cause of death.

Name Age CityState Date of Death Funeral Home.

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If you have relatives or people that you're close to that you would trust to handle your funeral, we generally recommend that you name them as your beneficiary instead of a funeral home.

However, some states prohibit the funeral home from being named beneficiary, so be sure to find out what the rules are in your state.

An immediate death benefit is created that passes income tax free to a named beneficiary, charity, or funeral home.

If you're considering a pre-need funeral insurance plan, you should first note that it's not actually legal in every state for a funeral home to be named the beneficiary of a life insurance policy.

In addition, the funeral home, rather than the individual's heirs, will be named as the beneficiary of the policy.

In some situations, an individual may even want to name a certain funeral home as the beneficiary of a burial insurance policy so that the funds can quickly be provided for the services that are being rendered.

It will not go to the funeral home (unless you were to name them as the beneficiary).

When the funeral home is the named beneficiary, a contract of services is typically involved that essentially allows you to prepay for your final expenses, and to make arrangements in advance according to your specific wishes.

If you're considering a pre-need funeral insurance plan, you should first note that it's not actually legal in every state for a funeral home to be named the beneficiary of a life insurance policy.

However, some states prohibit the funeral home from being named beneficiary, so be sure to find out what the rules are in your state.

In some cases the funeral home is the named beneficiary, which provides the benefit directly to the funeral home in order to cover the funeral or cremation costs.

The funeral homes are usually the named beneficiary.

Some types of life insurance policy are designed to pay to a funeral home as the only named beneficiary.

This is a special type of permanent life insurance policy that pays directly to a funeral home instead of to your family or other named beneficiaries.

This type of coverage is usually purchased in conjunction with a funeral home which will be the named beneficiary on the policy.