A Funeral Assignment is an agreement that is signed by a beneficiary of a life insurance policy. The beneficiary assigns all or a portion of the life insurance benefits at the Funeral Home which allows payment for funeral expenses to be made directly to the funeral home. Yes, NYL GBS does accept Funeral Assignments.
In a life insurance assignment, a policy owner transfers his ownership rights of the policy to another party. The original owner is the assignor and the second party is the assignee.
No matter where it's held, a funeral is a structured ceremony, with a beginning, middle and end. Each is intended to engage the living participants in activities which will transform their status within the community, provide mourners with a collective grieving experience, and celebrate a life lived.
A funeral service, whether traditional or more modern (memorial service or celebration-of-life), has two functions: to acknowledge the death and lifetime achievements of an individual and to bring grieving family members and friends together in support of one another during this difficult time.
A funeral procession, also known as a funeral cortege, is a traditional and respectful way to send your loved one off on their final journey. Like many other aspects of their funeral, you can personalise the procession to reflect their passions, from the cars you choose to the route you take.