A Guide On Pre Paid Funerals

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Many people have heard about pre-paid funerals. However, they do not comprehend the concept. Below is an extensive extract on pre-paid funerals. Hopefully, it will convince you to consider the arrangement as a way to make funeral planning stress-free for your loved ones. 

How Do Pre-Paid Funeral Arrangements Work? 

A pre-paid funeral plan is an arrangement where you pay for your funeral while still alive. The plan is structured like an insurance policy. Therefore, you pay premiums for a specified period depending on how much money you want the funeral home or director to spend during your funeral. There are different funeral plans depending on the services you wish to pre-pay. For instance, some people would want the funeral plan to pay for transport, the funeral home and the costs of planning the funeral. On the other hand, others will opt for a comprehensive policy that pays ministers, funeral directors and any events held before the funeral. 

What Are The Benefits of Pre-Paid Funeral Arrangements? 

The primary benefit of pre-paid funeral plans is that your family members do not have to fundraise for your funeral. Besides, it allows you to decide the type of funeral you want. For example, you could compel your family members to cremate your body since it is a service that you had paid for in advance. Pre-paid funeral plans also protect you from inflation. Typically, the service provider issues the plan based on the current costs of holding a funeral. If you die twenty or thirty years after taking the funeral plan, the service provider will offer the services you agreed upon when taking the plan.  

Choosing A Pre-Paid Funeral Plan 

Consider these tips when applying for a pre-paid funeral plan: 

• What is the reputation of the service provider? A valid licence from government agencies guarantees that they will fulfil their end of the bargain. However, you should also check reviews from families that have engaged their services.
• Check the available packages and inquire if the funeral home can customise the policy to suit your needs. For instance, you might want a rare type of flower planted at your gravesite.
• Inquire if you are allowed to change the policy's terms after signing the engagement contract. For example, you might want to change your preferred funeral from a ground burial to a green funeral. If this is possible, inquire if you will pay an extra charge.
• Ask whether the funeral home will refund your cash if you have a financial emergency or if the funeral home closes business. 

Pre-paid funeral plans afford you the convenience of planning and paying for your funeral today. Consider the recommended tips when choosing a pre-paid funeral policy.   

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11 March 2022