Pre-Need Funeral Insurance

Pre need funeral insurance is a single premium life insurance policy, from which the death benefit is used to pay the predetermined expenses of the insured’s funeral.

The funeral home agrees to provide the funeral in exchange for the death benefits form the life insurance policy.

In addition to pre-need funeral plans there are funeral insurance policies that pay your beneficiary (instead of the funeral home) the death benefit from your life insurance policy.

That way, your beneficiary can use the proceeds from your funeral insurance policy to pay for your funeral costs, as well as, anything else, like paying off medical bills, credit cards, house payments, or maybe any other expenses related to your funeral and burial costs.