Bankrate.com
Oct. 31, 2011
Death is one of the few certainties, but how you pay for your funeral isn’t. To address this afterlife financial issue, the insurance industry offers what it euphemistically calls “final expense plans.” The public may know this type of coverage as burial policy or burial insurance. Consumer groups see them as a bad investment.
Whatever their name and reputation, these policies are a type of whole life insurance that are intended to pay for certain expenses related to death, including a funeral, cremation and burial.
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