Casket

Funeralwise.com has developed a professional version of its funeral planning tool.

The Chicago-based funeral information service is offering the tool to members of the Final Expense Planning Specialist Association (FEPSA).

(Related: Insurers Report Mixed Preneed Product Results)

FEPSA members will have exclusive access to the tool, according to Funeralwise.com.

What is final expense insurance?

A final expense insurance policy is a product designed to pay the bills associated with the death of the covered individual.

The policy benefits could be used to pay medical bills, funeral expenses, burial expenses, cremation expenses, or other expenses that come up around the time an individual dies.

What is Funeralwise.com offering final expense planners?

Managers of Funeralwise.com say FEPSA advisors will get more information and tools than consumer planning system users.

The professional version includes a simple planner; a system that can produce a detailed, customized plan; a cost estimation system that draws on industry cost benchmarking data; and other tools.

More information about the new service is available here.

— Read 5 Reasons to Specialize in Final Expense Insuranceon ThinkAdvisor.

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