I was told my burial insurance policy must be paid to the funeral parlor when I die, is that true?
Q) I was told my burial insurance policy must be paid to the funeral parlor when I die, is that true?
A) No! The proceeds of your burial insurance policy will only be paid to the beneficiary listed on your life insurance policy.
Level Benefit Whole Life Policy Quote Examples
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We all hope to live and enjoy a long life, however there comes a point in time when we all pass away. If you have a burial insurance policy, when you die the policy death benefit will only be paid to the beneficiary listed on the policy. If your funeral parlor is not listed as a beneficiary, the death benefit will NOT be paid to the funeral parlor.
|Age 50||$5,000||$13.94 p/m|
|Age 55||$5,000||$15.80 p/m|
|Age 60||$5,000||$18.04 p/m|