Funeral Insurance for My Parents

Can I purchase funeral life insurance on my parents?

Yes, adult children may purchase life insurance plans on their parents, since they have an insurable interest in their parents.

Many people buy funeral insurance policies to cover the cost of a parent final expenses, which may include a funeral, burial, casket, headstone, burial plot and memorial service, among other things.

The average cost of a funeral and related expenses is around $7,700 and many elderly people may not have any money saved tot cover those costs upon their passing.

Planning ahead by purchasing funeral plans on your parents is a good idea so you won't experience any financial difficulties when the time comes.

Here's how to get funeral insurance for parents.