Death Planning
Updated: 23 October 2024
What Does Death Planning Mean?
Death planning is the process of making arrangements and taking practical steps in preparation for one’s own death. In the context of insurance, death planning involves obtaining a policy that provides death and/or funeral benefits.
Insuranceopedia Explains Death Planning
Death planning is undertaken to relieve dependents and immediate family members of the burden of making decisions after one’s death. In addition to purchasing insurance plans, it includes writing a will, estate planning, creating an advance directive for medical care, and planning one’s funeral and the disposition of remains. In death planning, it is highly recommended that directives be stated as specifically as possible.
