What Is The Best Insurance For Funeral Expenses? 
Many types of life insurance will work to pay a funeral . The absolute best kind if covering a funeral is your main goal is the Preneed funeral insurance that is sold by funeral homes . Those policies have several features that most insurance just does n't have . 1 . They are a limited pay policy . You will have the policy paid in full in your choice of 3 years , 5-years or 10-years or you can pay in full with one single payment . 2 . They have inflation protection . The funeral policies grow each year and the death benefit is designed to keep up with the rate of inflation . Many funeral homes can give you a lifetime price guarantee because of this feature . 3 . They are an exempt asset when qualifying for Medicaid or other assistance . 4 . They are guaranteed issue and everyone has coverage no later than the 12th monthly payment even if you are in a nursing home , under hospice care or have a terminal illness . No other guaranteed issue life insurance can insure you as quickly . 5 . You can buy them on family members with or without their knowledge . If you have a parent that never would insure themself and is going to leave a burden on you , you can take out a funeral policy on them . They do not need to sign anything or answer any health questions . 6 . All funeral Preneed life insurance policies will pay the death claim within 48-hours of your death with no death certificate required . If are on a tight budget , a funeral Preneed policy may be too expensive for you . In that case any whole-life policy will work . There are many simplified issue policies that will sell smaller amounts and offer and affordable premium . They are very easy to qualify for even if you do not have perfect health . 