A funeral plan is an insurance product. This type of cover pays out a lump sum when an insured person dies. This is the basics of a funeral policy. You choose who you want to cover under your plan. When a person on the policy dies, money will be available to arrange a burial. The idea of the payout is not to cover debt and other expenses. The main aim of the policy is to arrange a burial. Most quality funeral plans will pay within 48 hours. Unlike life cover, funeral insurance makes money available as quickly as possible. This will help prevent avoidable delays in the process. Most providers will have additional benefits to make their product more attractive. Some providers like AVBOB will go as far as arranging the entire burial for you. It all depends on your needs and preferences.