Funeral Plans

Prepaid funeral Plans

Planning Ahead: The Peace of Mind a Prepaid Funeral Plan Offers

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Discussing end-of-life arranges can be challenging, but making proactive decision like setting up a prepaid plan is one of the most thoughtful gifts you can leave your loved ones.

It’s about providing comfort and practical support during an incredibly difficult time, ensuring your wishes are met without placing an emotional of financial burden on you family.

Why Choose a Prepaid Funeral Plan?" or “The Unquestionable Benefits”

A prepaid funeral plan offers many benefits for both you and your loved family and even close friends. Your immediate family or executors will have access to professional and companionate support at the time of death.

Your funeral plan provider will give advice on which actions are required for your circumstances. The plan provider will put you in contact with the best local funeral director, and provide any support required from first contact.

This professional support is invaluable will bring peace of mind knowing that the funeral arrangements are being taken care of during this emotional and stressful time.

The family may need advice on everything such and having your remain recovered to a safe place, obtaining the Death Certificate and ensuring that your funeral preferences are respected.

Why Should I Pay For a Funeral Plan.

The most common question I had when talking to clients about funeral plans were.

“Why should I pay for a funeral plan when I am leaving them lots of money?”

There a several valid answers for this, but the most practical answer I think is that your funeral plan provider will act immediately to cover costs related to the funeral preparation. Any unused portion from the funeral plan is refunded to the trustee promptly after the funeral.

Please note that there are often other costs that might not be covered by the plan such as the Pastors fees.

Your family may not have immediate access to their inheritance and you plan provider will immediately take care of the required payments at the time they are required.

Please note that there are often other costs that might not be covered by the plan such as the Pastors fees.

Most importantly the “VIP” service offered by these excellent plan providers ensure that your loved ones had immediate action and compassionate support throughout the funeral process.

Historically, funeral costs have consistently outpaced inflation and typical savings account interest rates. A prepaid plan is a wise financial decision that locks in today’s prices, shielding your family from future expenses. More importantly, it simplifies a profoundly difficult time for those you leave behind, providing clear guidance and professional help just a phone call away.

What types of funeral plan are available?

Insurance-Based Plans:

These are the ones heavily advertised on daytime TV and they pay a fixed amount on death. But with people living longer the danger is that you may pay more in premiums than the plan can ever pay back. Further, they can have no inflation protection so they may not cover the total cost in 5 or 10 years. Insurance companies can be difficult to deal with as they will take time and may not pay at all if for instance they were not informed of an illness or if death was deemed to be self-caused such as in the case of a skiing accident.

This uncertainty can be a significant concern for families.

In our view the better option is a pre-paid funeral plan and this is the type of plan that is usually sold by funeral directors. With these plans, customers pay for the main funeral costs in advance. This can include everything from the funeral directors’ fees to choosing a coffin and the hearse. There are quite a few providers for these plans and the costs can vary quite substantially. You can use a recommended Funeral Plan Provider, or speak to your preferred Funeral Director directly.

Pre-paid Funeral Plans:

These plans often appeal due to their lower initial premiums, but it’s crucial to understand their limitations.

In our view, a pre-paid funeral plan, typically arranged directly with a funeral director or through specialist providers, offers a more secure and comprehensive solution. With these plans, you pay for the main funeral costs in advance, covering everything from the funeral director’s services to your choice of coffin and hearse. The market for these plans is diverse, with costs varying significantly – and that’s precisely where our expertise becomes invaluable in helping you find the most suitable plan.

Key Advantages of Prepaid Funeral Plans.

  • Inflation-Proofed Costs: Your plan covers the chosen services regardless of future price increases.
  • Secure Funds: Your money is held securely in an independent trust fund, protecting it even if the funeral director’s business status changes.
  • Eliminate Family Worries: Removes financial and logistical burdens from your loved ones during a difficult time.
  • Immediate Support: Professional help and guidance are available to your family straight away.
  • Joint Plan Option: Couples can take out a single plan, providing immediate cover for the first to pass, preventing cash flow issues. Guaranteed Acceptance: No age limits or medical questions – acceptance is guaranteed.
  • Flexibility: Many plans allow for a change of funeral director if you move closer to family in old age.
  • Flexible Payment Options: Pay by lump sum or through interest-free credit over a period of up to 10 years.

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