Funeral Insurance is a type of policy designed to cover the costs associated with a person's funeral and burial expenses. This insurance helps alleviate the financial burden on family members during a difficult time, ensuring that funds are available for services, caskets, and other related expenses. Typically, individuals pay regular premiums to maintain their funeral insurance policy. Upon the policyholder's death, the insurance company pays out a predetermined amount to cover the funeral costs. This can provide peace of mind, knowing that arrangements are financially taken care of in advance.