The storm passes and we are once again caught up in our love/hate relationship with insurance. Typically, we pay and pay and then we pray we don’t ever need to file a claim. No one wants to have their house burn down or blow away. But, it is also hard to write that check every month. Most folks do so because they are afraid not to.

However, there is one kind of insurance you will absolutely use. You’ll get more than you paid in, and you don’t have to pay endlessly.

Funeral insurance, not to be confused with final expense insurance, is the rare insurance product designed to cover a cost that you absolutely will incur. We all die in the end. So, how does it work?

Funeral insurance is sold through your funeral home. The amount of the insurance matches the cost of your funeral in today’s dollars. It can be paid in one payment and you are done. Or, you can pay over three to 20 years and be covered for the whole cost of your funeral while you pay.  

It’s easy to find out more. Just call the funeral home and ask to speak to someone in the advance planning department. You will want to set aside one to two hours for your meeting with the advance planner. You will have questions. Remember to ask how funeral insurance is different from final expense insurance.  

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