What Is Cremation? Definition | Epic Life Glossary

Why it matters

Cremation is often less costly than a traditional burial, but total costs depend on the services chosen. Under the FTC Funeral Rule, a provider that offers direct cremation must also offer it with an alternative container, and must show prices on a general price list. Families should decide what to do with the ashes, and whether to buy an urn or a niche. Costs and legal steps vary by state and provider.

Source: en.wikipedia.org

Where we use this term

Related terms

Funeral Costs: Funeral costs are the expenses for a funeral or other final arrangements, such as services, a casket or urn, a burial plot or cremation, and transport. Prices vary widely by provider and location.
Burial Plot: A burial plot is a space in a cemetery set aside for a casket or cremated remains. Buying a plot is separate from paying a funeral home.
Final Expenses: Final expenses are the costs that come up near the end of life, including funeral or cremation, burial, medical bills, and small debts. Final expense insurance is built to help pay them.
Pre-Need Funeral Contract: A pre-need funeral contract is an agreement to pay for funeral goods and services in advance. The money may be held in a trust or backed by an insurance policy.
Burial Insurance: Burial insurance is a common name for small whole life policies that pay for burial, funeral, and related costs. The term is used the same way as final expense insurance. The benefit goes to a named beneficiary.

All 241 terms

Why it matters

Where we use this term

Talk to a licensed agent.