Burial Insurance Topics
What Happens When You Spend Money From A SSI Burial Fund?
Officially speaking, if you spend money from your SSI 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 anything from your SSI Burial Fund 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.
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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.