Final Expense Insurance
What is preneed life insurance?
Preneed life insurance is a type of life insurance purchased through a funeral home to prepay funeral expenses. The death benefit is assigned to the funeral home to cover the cost of the funeral. Preneed insurance locks in today's funeral prices and relieves your family of the financial burden.
Key Points
- Preneed insurance: purchased through funeral home to prepay funeral expenses
- Death benefit assigned to funeral home
- Locks in today's funeral prices
- Relieves family of financial burden
- An independent agent can compare preneed insurance vs. final expense insurance