Demystifying Life Insurance Assignment Funding
Life insurance assignment funding can be a way for a family to cover funeral or memorial expenses.
We’ve said it before, and we’ll say it again, paying for a funeral or memorial service can be expensive. However, if the deceased had life insurance, there can be an easy solution. The beneficiary can use the life insurance to pay for funeral or memorial expenses.
However, this solution is not failproof. Life insurance companies can take several months to pay out funds, and funeral homes typically require payment upfront. This can be frustrating for everyone involved.
This is where life insurance assignment funding should be taken into consideration.
Life Insurance Assignment Funding
The family will work with their funeral director to “assign” the future payment from the life insurance policy to the funeral home, up to the amount of the service provided. The funeral home, (or their assignment funding partner like Funeral Help) may also provide a cash advance in exchange for a small fee.
Our company, Funeral Help, is one company that provides assignment funding by partnering with funeral homes. Instead of funeral homes and families waiting for their money, our verification system expedites the process so families can mourn and funeral directors can help these families through the funeral process.
No waiting around and not knowing where your money is and less stress for everyone involved.
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The loss of a loved one is an emotional experience and doesn’t need any added stress. Funeral Help alleviates the financial burdens involved with death and makes funeral funding less stressful for families and funeral homes.
For more information on how Funeral Help can help you with financing your funeral, visit our Funeral Help website or give us a call at (844) 311-7772.
