How to fund a funeral
The death of a loved one can create tremendous stress for the family. They are experiencing grief, but on top of that they must cope with the cost of a funeral and burial. If preparations have not yet been made, this can be a considerable burden.
There are advantages to just paying in advance for a funeral. Once it is paid for, there are no worries for family members about how they will cope with funeral costs when the time comes. But this also ties the family to a particular funeral home. This can be a problem should the person who has died no longer live in the same city as they did when the arrangements were made, causing great difficulties when the time comes. You may not be able to easily transfer the arrangements to another funeral home or to another city.
A better solution is funeral insurance. This is an insurance policy, similar to life insurance, which covers the cost of the funeral. The advantage of this is that it makes no difference where the death occurs; the funds are there when they are needed. And because the policy is paid monthly, the cost is not a major burden.
How funeral insurance can help fund a funeral.
How does this insurance work? It is very much like a life insurance policy. It is, however, considerably simpler and cheaper, because the pay out of the policy is a relatively low amount.
Not all funeral insurance policies or providers are created equal. That’s why the best way to get the best deal for you is to consult with Above and Beyond. These funeral planning experts can find the policy that best suits your situation. Considerations include your health condition and whether you want the payments to cover a set period of time.
Above and Beyond has relationships with many major insurance providers who also offer funeral insurance. They will shop around and find the best deal on funeral insurance for you. This will take into account your particular needs and your budget.
What decisions should be made before choosing insurance?
There is no point in purchasing more insurance than you need. This is why it’s a good idea to decide on what kind of funeral you want. This will have a large effect on the future cost.
You’ll want to decide whether you want to be buried or cremated. Do you want an expensive casket or a more reasonably priced one? What about the headstone and other details?
Of course, you don’t have to plan every aspect of your own funeral yourself, but making some general decisions will help you decide how much insurance you need. It might be a good idea to include a close family member in the decision – perhaps someone who might be involved in planning when the time comes.
Whatever choices you make, you’ll find your best choice was to enlist the help of Above and Beyond in making the best choice for you.