Death Planning

Published: | Updated: May 12, 2016

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.

How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this: