Usually neither one because most insurance policies get paid to a beneficiary. That is a person who is designated as the person to receive the policy benefits. Most people that have a Will, probably will designate a Executor to help follow the wishes of the deceased, usually the Will details how the money left in the estate is to be distributed. The Executor has many responsibilities and some of those include paying outstanding debts, he or she usually has some discretion in deciding who or what to pay and in what order.
Someone can purchase funeral insurance at some places online, however they can also purchase it at any local funeral home or at a burial service place.
The insurance company.
With lifespans ever increasing and the cost of funerals greatly outpacing inflation, many people are now purchasing funeral insurance. This form of insurance allows a person to spread the potential cost of a funeral out over a very extended period of time, and ensures that their family, friends and relatives won't have to handle an expensive funeral. The use of such insurance also negates potential costs incurred if someone dies unexpectedly or suddenly, and thus is becoming more and more popular among the young and adventurous crowd. Funeral insurance is commonly packaged with life insurance, since both types pay out at the same time.
No, as long as you have other means to pay for the funeral. You will have to use it for that purpose however, if it is directed to be used in that manner in someone's Will. If a deceased person was insured, it is normally one of the first things that is directed in the Will.
actually i think whoever they gave the the money to when they died that's who pays for the funeral but if they didnt give the money to any one they pay for it from the insurance
Unlikely. It doesn't make sense. If you pay $10k in funeral expenses and the life insurance is 10 million - what kind of a deal is that? It would certainly be possible that if the insurance is payable to the estate of the deseased that the person who paid the funeral expenses could get the $$$ from there.
This depends entirely on if insurance as well as what type of insurance is paying for the nursing home. In some instances, the nursing home is entitled to a portion of the funds in the account.
A literacy meaning for nursing would be someone that helps take care of someone else. They look after that person. They also take care of that person's needs.
Setting up an Irrevocable Funeral Trust Final Expense plan can now be done by attorneys, financial planners, insurance agents and funeral consultants. With the funeral trust being offered by the attorney, financial planner, insurance agent or funeral consultant, the senior doesn't have to go to the funeral home. In the comfort of their own homes, they can sign an irrevocable funeral trust that is funded with a single payment life policy.
You or that person would have to ask the person in charge of the rehab or an attorney. They will probably allow them to attend the funeral if there are no extenuating circumstances.
A person can go to www.statefarm.com to secure automobile insurance.
A person can find a cheap cremation and funeral expenses by checking with a few different funeral homes in their area. They may also want to check into life insurance to cover some of the costs.