Cremation insurance is a form of insurance that is purchased to cover the costs of cremation and final expenses. It provides a lump sum payment to the policyholder's beneficiaries to pay for the cremation and other end-of-life expenses.

To obtain cremation insurance, one must pay premiums to the insurance company in exchange for coverage. The cost of the premium will depend on various factors such as age, health status, and coverage amount. Once the policyholder passes away, the beneficiaries ...