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Some people set up a small whole life insurance policy just to cover their funeral costs. The policy’s death benefit is then assigned to a funeral provider, who gets paid first, before anything ...
A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to ...
Shutterstock Charles Ponzi gave his name to the brand of scam in which "investors," promised lavish returns, are paid with the funds of those snookered after them. Bernie Madoff raised it to a ...
The Funeral Rule, enacted by the Federal Trade Commission on April 30, 1984, and amended effective 1994, is a U.S. federal regulation designed to protect consumers by requiring that they receive adequate information concerning the goods and services they may purchase from a funeral provider. All U.S. funeral providers must comply with The ...
Theses types of ceremonies includes service use of coffins, headstones, crematoriums, and funeral homes. Most of the death service industry has consisted of small businesses that have been consolidated as time has gone on. There is a global marketplace for deathcare in the produces, services, and insurance that surrounds someone's death.
Aquamation, often referred to as water cremation, is an alternative to burial and fire cremation. It is done with a mixture of 95% warmed water and a 5% alkali, which mimics the natural burial ...
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