A: Upon the death of the insured person, the policy pays out a lump sum to the nominated beneficiaries or the family to cover funeral and burial costs.

A: Generally, anyone can take out funeral cover, including individuals, couples, and families. Some policies also cover extended family members.

A: If you stop paying your premiums, your policy may lapse, and you could lose your coverage. Some policies may offer a grace period or options to reinstate the policy, but this can vary by insurer.