How can my insurance policy pay for my funeral?
Many of our parents and grandparents paid for their burial spaces and put away monies to pay for their funerals via cash, savings accounts, and insurance policies. Most funeral providers will work with your insurance company for direct payment called an “assignment”. The beneficiary will sign paperwork directing the payment for the amount of the funeral to the funeral provider. Any additional monies will be paid to the beneficiary.
advance directives, Baby boomers, Death planning, durable power of attorney, End-of-life planning, Estate planning, Funeral planning, hospice, insurance policy, Legacy planning, living will, palliative care