Preneed Funeral Insurance


Definition of "Pre-need funeral insurance"

Single premium life insurance policy, from which the death benefit is used to pay the predetermined expenses of the insured's funeral. The funeral home agrees to provide the funeral in exchange for the life insurance policy proceeds.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Sales-assessment Ratio

Selling price of a property divided by its appraisal value. If real estate has a selling price of $4 ...

Rent Escalator

Provision in a lease agreement allowing the landlord to raise the rental to take into account infla ...

Latent Defect

A hidden or overlooked defect that may manifest itself at a later point in time. For example, a defe ...

Monthly Reporting Form

Type of inland marine insurance used to provide coverage for domesticated animals, including poultry ...

Livestock Floater

Standard Commercial Property Floater form covering death or damage to livestock as the result of ins ...

American Insurance Association (aia)

Membership organization of property and liability insurance companies. The association promotes the ...

Related Real Estate FAQ

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Does An Appraisal Mean?

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

What Is Loan Amortization?

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

How Much Money Can I Borrow To Buy A Home?

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor 7 Things to Consider Before Moving to a New City Should you Buy a Home with Cash? 5 U.S. Cities with the Best Public Transportation How is Square Footage Determined?

FAQ

What type of Life Insurance is right for me? What does a back-end ratio mean? What if the computer I want to insure is homemade or custom-built? What is a title? What is a lien?