Monday, 27 February 2012

Should You Buy A Funeral Plan?

By May Anne Sawyer


Planning and paying for your funeral in advance offers many benefits. First, it will save you a lot of money. Second, it will allow you to organise your wake and burial the way you want it. And third, you will save your family from the financial burden that a sudden death of a loved one often brings. These days a simple casket already costs several thousands of dollars, so just think of its impact to loved ones who suddenly realise that you're gone and they have to shell out money while grieving.

The insurance industry offers an array of pre-arranged funeral service plans, and if you can afford to get one soon, do not hesitate to buy one since it's a practical investment. The price of funeral plans increases yearly due to inflation, thus you definitely save a great deal of money if you purchase a plan early.

People are naturally more concerned with their immediate needs, and the insurance industry is aware of this. To make plans more accessible, funeral services companies come up with instalment packages which can be paid in a span of 12 months or more. Plans are also made flexible as buyers can increase or decrease the cost of their monthly dues depending on their present situation.

When choosing a funeral company, consider not only the services they offer but also the guarantees and limitations. Funeral plans may or may not cover the purchase of casket or urn, the embalming service, the cremation or burial arrangement, the the church service, the food and drinks during the wake, and transportation of guests, among many others. It only signifies that the cost of the plan increases as the list of funeral services gets longer.

What funeral companies promise is you'll be able to arrange your funeral in the future according to the current market prices. For instance, a quality casket today may cost a little more expensive in just a few years.

Having your casket prepared through a funeral plan however doesn't mean that your family will not shell out money on your death. The idea is to leave your loved ones with as few financial troubles as possible. Once you've secured a good funeral plan, you will definitely earn some peace of mind knowing that you and your loved ones are ready when the final day comes.




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