It may not be the nicest thing to think about, but ideally we should all start to think about our funeral costs to ensure that our friends and family are not left with huge bills once we pass away. If we haven't set aside enough money for our funeral, then whoever is left to make the funeral arrangements may well be left to foot the cost. The money can then be reimbursed from the person who is in charge of the estate.
An individual can pay into a pre-paid funeral plan over a period of time. They be able to take advantage of the fact that they can beat inflation rates, as they will only have to pay the costs at today's prices. The person can feel rest assured that they full funeral costs will be covered on the event of their death.
Though it may be macabre to some to think of one's own death, purchasing a prepaid funeral is in fact a very helpful thing to do as it protects the loved ones from having to make arrangements and payments at what is already a very sad and stressful time.
The individual can choose a firm of funeral directors who they would like to organise the funeral for them. They can choose what coffin they would like as well as choosing hymns and readings to be used within the service. Some people would also like to stipulate who should ride in the limousine to and from the service and where it should be held.
The main benefit of using a pre-paid funeral plan is that relatives will not be left with a large bill once a person dies. Although the costs can be reimbursed from the deceased's estate, the initial costs will need to be paid by family or friends, which can put a huge strain on them.
Funeral plans can be purchased via various charities and insurance providers and it is always worth shopping around to get the best deal and ensure you find a plan that meets your needs. Pre paid funeral plans tend to start from around 3000 and vary according to the level of service provided. They can be paid for as one lump sum or over a 1, 5 or 10 year period to spread the cost. More information on prepaid plans can be found by searching online or speaking with your financial advisor.
An individual can pay into a pre-paid funeral plan over a period of time. They be able to take advantage of the fact that they can beat inflation rates, as they will only have to pay the costs at today's prices. The person can feel rest assured that they full funeral costs will be covered on the event of their death.
Though it may be macabre to some to think of one's own death, purchasing a prepaid funeral is in fact a very helpful thing to do as it protects the loved ones from having to make arrangements and payments at what is already a very sad and stressful time.
The individual can choose a firm of funeral directors who they would like to organise the funeral for them. They can choose what coffin they would like as well as choosing hymns and readings to be used within the service. Some people would also like to stipulate who should ride in the limousine to and from the service and where it should be held.
The main benefit of using a pre-paid funeral plan is that relatives will not be left with a large bill once a person dies. Although the costs can be reimbursed from the deceased's estate, the initial costs will need to be paid by family or friends, which can put a huge strain on them.
Funeral plans can be purchased via various charities and insurance providers and it is always worth shopping around to get the best deal and ensure you find a plan that meets your needs. Pre paid funeral plans tend to start from around 3000 and vary according to the level of service provided. They can be paid for as one lump sum or over a 1, 5 or 10 year period to spread the cost. More information on prepaid plans can be found by searching online or speaking with your financial advisor.
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To find out more about setting up a prepaid funeral plan, why not take a look at the Advant Age website to see what funeral plans they have to offer?
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