Life
insurance death benefits may be used to pay the cost of your funeral and burial
expenses.
It
is best to use Whole Life or guaranteed no lapse Universal Life insurance, so
that your life insurance policy is sure to be “In Effect” when you pass away.
However,
when you purchase a life insurance policy you choose the beneficiary who will
receive the death benefit upon your death. You have the option of changing the
beneficiary when you choose to do so.
The
beneficiary can use the proceeds from your life insurance policy for any
reason, which may include paying for your funeral. You may want to leave
instructions for the beneficiary to use some of the life insurance to pay for
your funeral.
Learn more about life insurance for a funeral.
