Posted 12/15/2013 4:40 PM (GMT 0)
rango,
The difference between savings and insurance is the money in a saving account is taxable at death. Insurance to the beneficiary is tax free. Also those prepaid burial plans are considered as assets which can cause problems for some.
Food for thought, may be consult a financial advisor for specifics, every state has there own variations to death taxes. I am not a financial advisor just someone who has dealt with what has been left over after parents deaths.
T