What is the difference between a traditional life insurance policy and pre-need funeral insurance policy?
Traditional life insurance is intended to provide for your survivors’ future financial needs, such as income, education costs, and mortgage payments. Pre-need funeral insurance is specifically intended to cover the predetermined costs of your prearranged funeral. The growth that accumulates on your funds is then used by the funeral home to offset inflation from the day you prearrange to the date of your death. .
Related Questions
- I was just issued a preferred life insurance policy. Does that mean that my disability insurance policy is likely to be issued on a preferred basis too?
- How can an Advisor help my family if the cost of my funeral is greater than the value of my Western Life insurance policy?
- What is the difference between a traditional life insurance policy and pre-need funeral insurance policy?
