Another shortcoming of the pre-paid funeral plan is that it leaves no death benefit for beneficiaries. It goes without saying that if they knew all the facts, most people would probably want to leave their loved ones with a little extra money.
One of the biggest and less-obvious advantages of a burial life insurance policy is that these policies are often more affordable than a pre-paid funeral plan, as long as you’re in good health. Then, when it comes time to making payments on your policy, you also have many different payment options.
As you can see, burial whole life insurance offers much more flexible and even affordable coverage than a pre-paid funeral plan. Consider how each works carefully before making your decision.