4 FAQs About Pre-Planning Funerals
4 FAQs About Funeral Pre-Planning
What Does Planning Ahead Involve?
The pre-planning process is a documented set of instructions on what a person wants at their funeral. It will include statements about the subject's preferences for a casket and headstone, in addition to information on their memorial service, viewing, and burial ceremony, if they choose to have them. If the subject doesn't want to be buried, they can opt for cremation services instead and decide what type of holding vessel or scattering ceremony they want. Pre-planning also typically includes paying in advance for the memorial service.
Do I Have to Pay for Funeral Plans In Advance?
Most funeral homes have plans in place that allow clients to pre-fund their memorial services. However, there is typically not an obligation to pay for the service upfront. One of the benefits of making pre-payments is locking in the price of the service and avoiding potentially higher rates later. Another benefit is family members are not left with the financial burden of paying for the funeral costs after their loved one has passed.
Will My Life Insurance Policy Help With the Costs?
The proceeds from most standard life insurance polices are used to help pay off outstanding debt and provide supplemental income after the policyholder dies. People who have arranged to pre-pay for their funeral can have their life insurance payments used as a reimbursement. For instance, the funeral pre-planner may arrange to have a family member pay for the expense upfront. The relative would then submit a claim to the insurance company for reimbursement.
How Do I Start The Pre-Planning Process?
The best way to get started is by consulting with a funeral home director. The experienced staff will review the entire process, including service selection and costs. In addition, the pre-planning process also includes an outline of the specific expenses, so an informed decision can be made.
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