Best Funeral Plans For Over 50s, You can also purchase a family
Best Funeral Plans For Over 50s, You can also purchase a family funeral plan, sometimes referred to as extended cover, which pays out a lump sum in the event of the death of your partner/spouse, your child/children, and/or any other family member that you have chosen to cover with the policy. Over 50s insurance plans typically cover you for the rest of your life, working as a ‘Whole of Life’ policy. Often confused with prepaid plans, this type of life insurance is not a funeral plan, however it can have a place for those on a tight budget. It helps pay for funeral related costs to help ease financial and planning burdens for loved ones. . From pre-paying and planning everything in advance to adding personal touches. Aug 16, 2024 ยท Take a closer look at the differences between over 50 life insurance and prepaid funeral plans and how they could both help secure a payout to cover the cost of your funeral. When you die, the death benefit pays out quickly to your loved ones so they can pay for your funeral. Nearly 98% would recommend us to friends and family. Trusted insights from Over50Choices.