The Importance of a Pre-Arranged Funeral Plan

Orange City Iowa Estate Planning

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Taking out a funeral plan does not only have cost benefits but can also ease some of the emotional distress at an already difficult time.

A funeral helps the family heal and in dealing with a death. That’s why funerals have certain aspects of the service that help loved ones process the loss, grieve, say goodbye and start the journey of adapting to their loss.

When considering where to purchase a pre-arrangement, consider what the most comfortable way of purchasing is for you. You may want to visit a funeral home or go to a company that provides later life planning. Many people these days like to make these decisions online and far away from the funeral home. In fact, about half the people over the age of 70 would also like to do it that way because it is less threatening, morbid and finite. The move to shopping online has increased significantly since the pandemic lockdown restrictions forced businesses to close. Shopping online—even for funeral services—has become a more preferred method.

Most plans aren’t used for some 10 or 12 years after purchase. Therefore, the most important thing to consider isn’t the price, but that you’re buying from a secure company that’s been around for at least 15 years. You don’t want a brand new company with no track record. If the company is starting to service plans it sold several years ago, it’s demonstrated a level of financial stability and security that’s critical for you and your family. You want to know that they’ll still be around to help, when the time comes.

There are different financing options, but look for a fully-guaranteed funeral plan. That means that the cremation fees are fully guaranteed as well and that there will be no surprises when the time comes or unexpected charges.

The thought of buying a funeral plan can be overwhelming, but if you consider what you want and understand what to look out for, you can make the right purchase for you and your family.

Reference: The Money Pages (Feb. 4, 2021) “Four steps to choosing and purchasing a funeral plan”

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