Burial Insurance - Do You Need It?

For those that are interested in a burial insurance policy that will simply allow

them to set aside some money specifically for covering funeral costs, a cash payout policy is one of the most popular options. This type of policy is purchased for a set price, and when needed, the exact same amount of cash is provided to the designated family member. More elaborate plans include the pre-payment option, in which the individual will choose the type of accessories and ceremony that they want, and then make monthly payments to cover that plan. In the event of their demise, the plan is redeemed for the items that they wanted, with no inflation in price over time.

Burial Insurance - Do You Need It?

By: Mark Prip

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