How to Pay for a Funeral Using Life Insurance

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Life insurance is one way people ensure that their burial costs are covered, rather than worrying about burdening their family and friends with having to pay for funeral and cemetery arrangements. A death, however, can leave family members emotionally burdened, making it difficult for them to understand what to do with a life insurance policy, and how to use life insurance benefits to pay for funeral costs. But following through and claiming the insurance benefits will avoid out-of-pocket costs for heirs and beneficiaries.

Things You'll Need

  • Insurance policy of the deceased
  • Contact the insurance company that holds the life insurance policy of your deceased loved one and report his death.

  • Provide the insurance company with any information it requests, and furnish the death certificate and your identification as the beneficiary of the policy. Fill out an application for death benefits and submit it to the representative as well.

  • Decide on a funeral home to call. Speak with a funeral coordinator to choose a funeral package that won't cost more than the insurance benefits.

  • Explain to the funeral coordinator that you are waiting for life insurance benefits from your loved one's policy. Funeral coordinators are very understanding in situations where you do not have money upfront.

  • Pay the funeral home as soon as you receive the insurance benefit check. The check will usually take from a few days to a few weeks to arrive. Any money left over after you've paid funeral costs belongs to you and the other beneficiaries.

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