Consider Prepayment of Funeral Services
The organization required to plan one’s funeral at the same time loved ones are grieving can really be a challenge and lead to unneeded sadness and costly decisions.
- Pre-planning one’s end of life care provides you all the options and details to make rational, financially savvy decisions while it gives your loved ones a wonderful last gift of peace of mind.
- The advance plan you create should take into consideration what other means you have to pay for funeral expenses at the time of need, such as life and funeral insurance. But these policies may not be enough to cover all the rising costs, have exclusions or go to a beneficiary not in time to pay the upfront costs. Further, your final wishes may not be known or followed if not well-documented.
- Prepaying for your cemetery space and some of the funeral expenses on an affordable, years-long plan while you have a positive income greatly relieves future financial uncertainty and the burden of a single balloon payment your family would otherwise have to pay. At the current rate of inflation, prices will likely double or more in a very short period of time. Lock in pricing now while it makes financial sense.
- It’s easy to begin your advance plan by writing down your important information. We have a decision planner booklet to help guide you through the details.
- Social Security Number
- Religion and Ethnicity considerations
- Parents and your own Birth Information
- Financial Accounts such as Bank Loans, Car Loans, Retirement Accounts
Obviously, keep these records in a safe and secure place like a personal fireproof box or safe in your home but do let a trusted family member know you have this information on hand. It’s the whole point of an advance plan.
- Choose who should be a part of the final funeral planning and who you wish to help serve at the memorial. Taking these steps will add to the relief of your loved ones left behind.
Contact us to get the decision planner booklet and for a helpful appointment with a counselor who will answer your questions and put you at ease.