Bethany Blocker: Burial insurance, mortgage insurance, term insurance, cash value insurance, call them what you want, they are all life insurance. A person could make their estate, their funeral home, or their spouse the beneficiary, it doesn't matter, the insurance company, when you die with a policy in force shoulders the responsibility or shells out the cash to the beneficiary.
Buster Exline: It depends who you buy it from. If you buy a package of services through some funeral home or company, it's not insurance, it's pre-paid services. Insurance can be purchased from an entity licensed to sell insurance.
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