Alternatives to Funeral Insurance

First off, traditional life assurance policy is a term insurance policy that isn’t significantly closer than a burial contract, but it provides a far greater payout. Most traditional insurance policies can compete with burial insurance this way.

Another one is the pre-need funeral trust, and in essence, this is often paying for your funeral prior to time. If you put money within a trust specified for your funeral expenses, then that money accrues interest over time until it’s used for your funeral.