How can I use life insurance for a funeral service?

THROUGH A LIFE INSURANCE PROCEEDS ASSIGNMENT

A Funeral Assignment is a notarized agreement that is signed by a beneficiary(ies) of a life insurance policy. The beneficiary assigns all or a portion of the life insurance benefits which authorizes the insurance company to pay the funeral home (funding company) the amount for the funeral services provided.

This document is designed to aid your funeral counselor in expediting the processing of a life insurance claim.

This will allow the director to focus on the details of your loved one’s service, while reducing the financial stress during what is already a difficult time.

Once the claim is approved, payment for funeral expenses will be sent directly to the funeral home. Any balance in excess of the expenses will be sent to the beneficiary.

BENEFITS OF AN INSURANCE ASSIGNMENT

Quick Claim Assignments

Most insurance companies will accept insurance assignments to ensure funeral expenses are paid in a timely manner.

They are simple, easy, and reduce stress at what is already a difficult time.

We take all of the risk once the assignment is approved by the funeral home and funding company.

You benefit from a one-time flat insurance fee, instead of reoccurring interest charges using alternative forms of payment.

We accept all verified life insurance policies as a good faith process in order to fund merchandise and cash advance items.
Our quick claim assignments enable for all expenses to be itemized on your contract including out of pocket cash advances.

By assisting with your insurance assignment verification, we provide unequalled service to focus on planning your loved one’s services, and by making the assignment process as comforting as possible