Does Life Insurance Pay for Funerals?

Does a life insurance policy pay for the cost of a funeral?

Actually, it can be used to pay for funeral expenses, but the beneficiary of a life insurance policy can choose to use the money any way they wish.

So, you may instruct your beneficiary to use a portion of the proceeds from your life insurance policy to pay for the cost of your final expenses including your funeral and burial.

Many people use a life insurance policy death benefit to pay for the funeral of the insured person.

There are even guaranteed issue funeral insurance plans available for seniors and those with health issues who may be unable to get insured for life insurance.

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