Impact Insurance Working Paper #10: Funeral insurance

This paper highlights that funeral insurance is essentially a term life insurance policy where the benefit is used towards funeral expenses. The benefit can be in the form of a funeral service, a cash benefit that could be used towards a funeral, or a combination of the two. Outside of credit life insurance, funeral insurance is the most prevalent form of microinsurance in a number of countries. Insurers are starting to improve client value by adding elements that go beyond pure funeral insurance.