Single-Pay Pre-Need Insurance is a financial plan that allows individuals to prepay funeral expenses in a lump sum. Unlike traditional life insurance, which pays out a benefit to beneficiaries, this policy directly covers funeral and burial costs with a specific funeral provider.

This guide explores whether cremation insurance can be used for memorial costs, how payouts work, and what families should consider when selecting a policy.

This guide explores whether cremation insurance can cover funeral services, how payouts work, and what beneficiaries should know about using the funds.