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Reply to "How to pay for funeral arrangements. "
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[quote=Anonymous][quote=Anonymous]OP: Thank you all very much. Also good to get different perspectives. I called State Farm about senior citizens policies and learned they offer a single premium policy: pay $15k, receive $15k at death, with no interest. It doesn’t make financial sense due to the lack of no-interest, but I want to simplify the process since I’ll be handling it alone. Explaining to Mom that it’s an insurance policy, not a random online savings account, will prevent misunderstandings. She can keep the policy with her other paperwork, benefiting everyone. [b]I just don’t like idea of pre-paying a funeral home.[/b][/quote] Get a prepayment funeral policy. You don’t pay a specific funeral home. It is basically an insurance policy, invested with a guaranteed return made payable to you at time of death to be used at a funeral home of your choice. [/quote]
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