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.
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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.