Is it possible to buy funeral insurance for your parents?
Yes, you may be able to purchase a funeral insurance policy on your parents.
However, in order to buy funeral insurance for your folks you may need their permission, signature on the application, and they may have to answer some health questions.
But, some insurers may not require notifying your parents of the insurance policy.
Most funeral life insurance plans provide a small amount of life insurance protection, up to $25,000, and there's no medical exam required, it is a simplified application process.
In fact, you may be able to apply online for your parent's funeral insurance plans.
If you are the one paying the premiums, you would be the owner, and want to name yourself as the beneficiary of the life insurance plans. That way, you would receive the death benefit upon your parents passing, and could use the money as you choose, including to pay for their funeral and burial costs.
Here's how to buy funeral insurance for your parents.
Yes, you may be able to purchase a funeral insurance policy on your parents.
However, in order to buy funeral insurance for your folks you may need their permission, signature on the application, and they may have to answer some health questions.
But, some insurers may not require notifying your parents of the insurance policy.
Most funeral life insurance plans provide a small amount of life insurance protection, up to $25,000, and there's no medical exam required, it is a simplified application process.
In fact, you may be able to apply online for your parent's funeral insurance plans.
If you are the one paying the premiums, you would be the owner, and want to name yourself as the beneficiary of the life insurance plans. That way, you would receive the death benefit upon your parents passing, and could use the money as you choose, including to pay for their funeral and burial costs.
Here's how to buy funeral insurance for your parents.
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