Pre-Planning

Thinking about your own funeral leaves most people feeling a little uneasy, but more adults are finding that planning their own service offers great emotional and even financial security for them and their families. With preplanning, families find comfort in knowing that the funeral reflects what their loved one wanted. It also gives them peace of mind to not have to make important decisions at a stressful time. 

When is the best time to pre-plan your funeral?

The best time to begin making your pre-arrangements is now, while you're thinking about it. While some people in their 40's and 50's may think it's too early to pre-plan, people who do say that prearranging their funerals is smart financial planning and gives them added peace of mind knowing they aren't leaving this burden to family members. By taking time now to collect cost information and calmly making choices related to your own funeral arrangements, you'll be protecting your family against the stress of having to make these decisions at a time of extreme emotional stress. This way you can carefully choose specific items you want and need ... and pay for them now.

Prepaid Investments through funeral homes allows families to fund their funerals in advance through different investment vehicles such as:

• Irrevocable Burial Trusts
• Single Premium Burial Insurance Policies
• Final Expense Life Insurance Policies
• Annuities

The five common reasons for Pre-arranging funerals:

Today, more individuals and families are making the decision to prearrange their funerals than ever before. Because of the factors such as inflation, fewer extended family members living close by, and other changes in our society, planning your own funeral can make a lot of sense. In a recent survey, these were the most common reasons people gave for prearranging their own funerals:

• Lets your wishes be known.
• Reduces stress for friends and family at an already emotional time.
• Saves money
• Shows you care.
• Relieves your loved ones of the financial responsibility.

If you choose, there are several ways to prepay for your funeral that can offer you financial benefits. However, prepaying is not required, but an option that many individuals find helpful.

If you feel prepaying is wise for you, then be sure to go over all available options with your funeral director. Remember, like with any contract, ask any and all questions you may have regarding your preneed plan before you sign an agreement.