What You Need to Know When Paying for a Funeral
Funerals can be an expensive affair. However, with the right planning, you can prepare your family by sharing with them your preferences and setting aside funds to cover final expense. Learn the acceptable forms of payment at most funeral homes and cemeteries in this article.
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Life Insurance and Final Expense for Funeral Pre-Paying
Life Insurance and its close cousin Final Expense Insurance, are insurance policies that ensure there are funds to pay for the costs of your final arrangements.
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Payable On Death Savings Accounts (POD)
Payable on Death Savings accounts aka PODs are a flexible and safe financial instrument to pre-fund a funeral so your family has access to money for your final arrangements.
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Funeral Trusts
A funeral trust is one financial product that can be used to pre-fund a funeral so your family has access to money for your final arrangements.
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