What Happens When You Spend Money From A SSI Burial Fund?

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Officially speaking, if you spend money from your burial fund on items which are not funeral related, there “may be a penalty”!

That’s pretty vague really isn’t it, “may be a penalty”, are we then to presume that alternatively there “may not be a penalty”?

Probably a good idea not to spend it at all until it’s needed for your funeral, but if you get really strapped for cash you need to weigh up all of the pros and cons and decide whether it’s worth taking the risk – on second thoughts you’d better leave it where it is, you never know when you might need it for the original purpose. Forget about it, it’s gone.

Free Burial Insurance Rate Quote

Most people who are searching online for burial insurance don’t realize that funeral insurance is essentially life insurance. A very inexpensive way to obtain quality burial insurance is to get a free life insurance quote.

There is a very simple question to answer as to whether or not you need burial insurance.

Are your loved ones worth a minute of your time?

Above, you will find our burial insurance rate quote, which takes less than a minute to complete. This insurance quote compares up to 8 different insurance carriers for you.

Get A Free Burial Insurance Rate Quote In 60 Seconds – Multiple Companies

Burial insurance (aka funeral insurance) is a basic issue life insurance policy that covers people until they reach 100 years old. Burial insurance (also known as funeral insurance) is promoted as a way to pay in advance for your funeral expenses so that your loved ones won’t have to pay for your funeral. There are many things you can do to make your death easier on the wallets of those you love. Preplanning your funeral saves money and grief, as well as deciding whether you want to be buried in a casket or cremated and put into and urn, figuring out who gets what part of your estate and all the related turmoil associated with the end of life.

Return to the Burial Insurance Information FAQ page.

Return to main Burial Insurance home page.

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