What Exactly is a Preneed Funeral Policy?
A. A preneed funeral policy is an insurance policy whose benefits are assigned to cover the cost of a pre-arranged funeral contract. A funeral contract typically includes professional services, funeral merchandise, funeral services and even cemetery services and merchandise. The purpose of preneed funeral insurance is to set aside funds before the need arises, thereby protecting your loved ones and your financial assets by “locking in” on today’s costs.
