Your funeral insurance is a contract between you and the insurer that breaks down the coverage you’ll receive in detail. Insurance policy holders can use final expense funds to purchase products or services that are related to the beneficiary’s death, which can include unpaid debts or expenses not directly tied to burial costs. Many can be active within a business day. A final expense policy is normally available for those between the ages of 50 and 80. ![]() Buying burial insurance guarantees that your family members have the financial ability to handle your funeral service and expenses related to your passing when that time arrives. Please consult a professional advisor for any tax and/or legal advice to fit your particular circumstances.Funeral costs can come suddenly and be a major expense. This material is for informational purposes only and should not be considered tax or legal advice. PAA (CA Lic #0F50053, TX Lic #1394132) is domiciled in Ohio and has its principal place of business at 6300 Wilson Mills Road, Mayfield Village, Ohio 44143. PAA receives compensation from eFinancial or its affiliate that may vary based on the number of applications taken by eFinancial and the policy you buy. Information about you is subject to their privacy policies and may be shared with PAA and its affiliates for their marketing and other uses. eFinancial and the insurers are not affiliated with Progressive and are solely responsible for their websites, products, and services. (PAA) will transfer you to Efinancial, LLC for placement with insurers offering this coverage. Δ DisclosureDiscount varies and is not available in all states or situations. We offer insurance by phone, online and through independent agents. Progressive Answers is your resource for all things life insurance, from how it works to the types of policies available. Just be sure you choose someone you can trust to allocate the funds properly. If there are funds remaining after paying for all funeral-related matters, the beneficiary may use the balance to pay outstanding medical, legal, or credit card bills in your name. Once the funds have been paid out to your beneficiary, they can use the money any way they want. How do I know if my beneficiary will use the payout for my funeral? Learn more about how burial insurance works.
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