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Burial insurance is a type of whole life insurance policy that can be used to cover your burial and other funeral costs. You can generally purchase one of these policies after you turn 50 to help ...
Life insurance is a necessity if you have immediate family or others that count on your income. However, choosing a policy that fits your financial goals and is affordable can be challenging.
In this case, the poster took out a permanent policy to cover funeral expenses and support their family without realizing that a term life policy might have offered more affordable and appropriate ...
The policy's death benefit is initially based on the funeral cost at the time of prearrangement, and it then typically grows as interest is credited. In exchange for the policy owner's designation, the funeral home typically guarantees that the proceeds will cover the cost of the funeral, no matter when death occurs.
Parting is an online directory of over 15,000 funeral homes in the United States. [1] The site allows users to view articles, photos, reviews, and prices of funeral homes and mortuaries for free.
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