Funeral Home Insurance
This can be very tricky. Funeral Home Insurance might be used to try to tie your family to a particular funeral home. It’s life insurance, sometimes very expensive, and sometimes there is an attempt to limit its use to the particular funeral home selling the policy. Generally speaking, you are better advised to use an independent life insurance company, such as Starmount Life, where the money from the policy is given as cash, to be used anywhere.
Funerals themselves can be costly. Generally speaking, a $10,000 policy will be adequate for the funeral itself. However, there will be other expenses involved which might lead you to want a $20,000 policy, and if you want to clear some remaining expenses like the mortgage or a car note, or help pay for the education of the children and grandchildren, an even larger policy ($40,000, $50,000, $75,000, $100,000) could be called for.
For a FREE 32-page advice brochure published by Starmount Life,
"Legacy Life," please click here.
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