Ask the Life Insurance Expert
What is funeral insurance?
Funeral insurance, also known as "pre-need" insurance, is life insurance that you buy specifically to pay for your final expenses, such as the funeral service, caskets, flowers, wtc. Usually, the funeral home is listed as the beneficiary up to a certain amount through a trust, with any balance going to another named beneficiary.
Here's more information on buying pre-need and final expense insurance.