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A Funeral Purchase Assignment is created when an individual uses an insurance policy on the deceased as payment for funeral services.

 

Who can benefit from the sale of Funeral Purchase Assignments?

Usually independent funeral homes are best suited to take advantage of this activity.  According to the National Funeral Directors Association, a typical funeral costs approximately $5,500.  With the costs of funeral services increasing, smaller funeral homes may have more needs for cash flow to cover expenses while waiting for payment from insurance companies.

 

How can Funeral Homes benefit from this service?

You can sell all or some of the insurance policies used for payments of funeral services. 

 

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