Definition - What does Death Planning mean?
Death planning is the process of making arrangements and taking practical actions in preparation for one’s own death. In terms of insurance, death planning involves taking out of an insurance policy with death and/or funeral benefits.
Insuranceopedia explains Death Planning
Death planning is conducted to relieve the person’s dependents and immediate family from the burden of making decisions after their death. Aside from buying insurance plans, it also involves writing a will, estate planning, making an advance directive for medical care, and planning one’s funeral and disposition of remains. In death planning, it is highly recommended that directives in death plan are stated as specifically as possible.
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