To quote Benjamin Franklin, taxes and death are the only certainties in life, but how many think to pay for their funeral in advance? Morbid, certainly not, prepaid funeral plans aim to protect families from rising funeral costs, thus easing the financial burden in times of grief. Naturally, prepaid burial plans are not without risk, but leading funeral plan providers say this is the best way to secure a burial at today’s prices. Here is a brief explanation of how a burial plan works and what such a plan might cost:
The cost of dying is rising and burial costs are increasing year on year, so certain plans might still fail to cover all costs. The typical American funeral is said to cost $7,000, however, factor in the burial, headstone and other …show more content…
In fact, some people are appalled by the whole idea, but it is not fair to rely on stressed family members in sad times. Conversely, individuals living alone might welcome the idea of arranging and paying for their funeral in advance. Let’s take time to consider the alternatives. Funeral plans are not the only way to meet burial costs, for instance, you could make regular payments into a savings account, buy a life insurance policy or request burial costs are met from your estate.
But firstly, step back to consider how your family would cope in the event of your death. Is there enough money in the bank to pay for a burial? Will your life insurance cover funeral costs or will your family have to go cap in hand to the bank manager? There are numerous ways to pay for a funeral plan and many leading burial plan providers offer various easy payment options. You can pay for your funeral in full or take advantage of low cost monthly instalments. Naturally, it pays to compare funeral plans offered by burial plan providers and funeral directors.
Death is a taboo subject, but many are shocked at the rising cost of dying. Don’t let your family struggle to meet the cost of your funeral. Set some money aside, invest in some life insurance or consider a prepaid funeral
The cost of dying is rising and burial costs are increasing year on year, so certain plans might still fail to cover all costs. The typical American funeral is said to cost $7,000, however, factor in the burial, headstone and other …show more content…
In fact, some people are appalled by the whole idea, but it is not fair to rely on stressed family members in sad times. Conversely, individuals living alone might welcome the idea of arranging and paying for their funeral in advance. Let’s take time to consider the alternatives. Funeral plans are not the only way to meet burial costs, for instance, you could make regular payments into a savings account, buy a life insurance policy or request burial costs are met from your estate.
But firstly, step back to consider how your family would cope in the event of your death. Is there enough money in the bank to pay for a burial? Will your life insurance cover funeral costs or will your family have to go cap in hand to the bank manager? There are numerous ways to pay for a funeral plan and many leading burial plan providers offer various easy payment options. You can pay for your funeral in full or take advantage of low cost monthly instalments. Naturally, it pays to compare funeral plans offered by burial plan providers and funeral directors.
Death is a taboo subject, but many are shocked at the rising cost of dying. Don’t let your family struggle to meet the cost of your funeral. Set some money aside, invest in some life insurance or consider a prepaid funeral