Posts Tagged ‘pre-arrangements’

How to Set a Funeral Budget

Wednesday, January 27th, 2016

How to Set a Funeral BudgetBefore you sit down with a funeral director to go over all your options for a loved one’s funeral plans, it’s a good idea to figure out how much money you’re willing to spend. Although the average funeral can go as high as $10,000, you aren’t required to spend this much—nor will you have to. With the right planning, you should be able to find a budget you’re comfortable with and buy a respectful, beautiful service to go with it. (more…)

How to Tell Your Loved Ones You’d Like to Be Cremated

Tuesday, January 5th, 2016

How to Tell Your Loved Ones You Want to be CrematedEven though over 40 percent of Americans opt for cremation over burial, there are still many different kinds of religious, cultural, and personal taboos that make cremation a difficult decision. This is especially true if your family has traditional views regarding funeral planning or has a long history of burial in a particular cemetery.

If you’ve decided on cremation but aren’t quite sure how to tell your family, we suggest you set aside a time to have this important conversation. It’s never a good idea to leave this sort of thing as a surprise, so the sooner you can open up to those you love, the more time you’ll have to enjoy what’s left of your time together.

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Burial Insurance, Part Three: Buying Burial Insurance through a Funeral Home

Friday, December 4th, 2015
Burial Insurance 3 of 3

Burial Insurance 3 of 3

There are two primary ways to buy burial insurance. The first operates like any other kind of life insurance policy, in which you name a loved one as the beneficiary who receives the payout when you die. The second option allows you to name a funeral home as the beneficiary, in which case they receive the insurance money directly.

This second option may seem a bit strange—after all, a funeral home isn’t your family, and you haven’t worked hard your whole life so they can receive a payout. However, it’s actually a quite common occurrence, and it can work out in your favor. Here’s how. (more…)

Burial Insurance, Part Two: How and Where to Purchase Burial Insurance

Wednesday, December 2nd, 2015
Burial Insurance 2 of 3

Burial Insurance 2 of 3

Once you’ve decided that you’d like to purchase a burial or funeral insurance policy as part of your final plans, the real challenge comes into play. There are countless burial insurance providers out there (which range from funeral homes to traditional insurance companies), and you have options when it comes to choosing the right one. (more…)

Burial Insurance, Part One: Introduction to Burial Insurance

Monday, November 30th, 2015
Burial Planning Series Part 1 of 3

Burial Planning Series Part 1 of 3

Funeral insurance, burial insurance, final expense insurance, preneed funeral insurance—these terms are often used interchangeably to talk about the same thing. With any of these types of insurance, money is paid out to a beneficiary to cover part or all of your funeral costs, including everything from traditional burial to cremation.

Unlike other types of insurance, which are designed around a “what-if” scenario (what if I crash my car, what if I need to go to the doctor, what if my home catches on fire), burial insurance is a guaranteed pay out. As long as you keep current on your premiums or pay the amount required up front, this money will be available upon your eventual death. (more…)

Is Funeral Insurance Right for You?

Thursday, October 24th, 2013

Is Funeral Insurance Right for You?In the funeral pre-planning industry, there are several different options you can choose from for your future memorial service. You can plan down to the last detail by advance planning an entire funeral with the home of your choosing. You can set up a payment plan to lower funeral costs down the road. Or, if you’re like one of a growing number of consumers, you can purchase funeral insurance to ensure that your loved ones are taken care of.

What is Funeral Insurance?

At first glance, funeral insurance can be slightly misleading. Also known as burial insurance, final expense insurance, or pre-need insurance, these are insurance policies that an individual takes out to guarantee funeral funding. Like life insurance, it is payable out upon death and monies are granted to the beneficiary listed on the policy. Unlike life insurance, the payout tends to be smaller (enough just to cover the funeral) and are paid out faster (so that you can have the money for funeral planning). And in many cases, the only way the policy is different from a traditional life insurance option is in the beneficiary—in funeral insurance, you may choose to name the funeral home as the beneficiary, so that the money goes directly to them.

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Funeral Pre-Planning: Cash Advance Items

Saturday, August 3rd, 2013

Funeral Pre-Planning: Cash Advance ItemsAdvance funeral planning is becoming an increasingly popular choice for people who want to handle the burden of burial before death occurs. With so many different funeral pre-plan packages to choose from and the opportunity to relieve your loved ones of the costs and stress associated with burial, it’s no wonder why.

Because it is impossible to predict death, the only way to ensure that pre-planned funerals work is to bind everything in a legal contract or agreement. Every contract is a little bit different depending on where you go and what type of service you choose, but one thing that everyone should be aware of before signing on the dotted line is what the fine print says regarding cash advance items.

What is a Cash Advance Item?

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Buying or Selling a Pre-Owned Burial Plot

Wednesday, March 27th, 2013

Buying or Selling a PreOwned Burial PlotIf you’re getting ready to pre-plan a funeral and are looking to save some money on burial costs, it might be a good idea to look into pre-owned cemetery plots. Although the name is a bit macabre (bringing to mind burial plots that have already seen bodies come and go), the concept of a pre-owned plot is actually quite normal.

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How to Shop Smart for Pre-Need Funerals

Tuesday, January 29th, 2013

How to Shop Smart for Pre-Need FuneralsPre-need funeral plans are available through multiple avenues. You can find packages at most funeral homes, cemeteries, life insurance providers, large corporations, and even independent financial brokers. These days, just about everyone has a finger in the death pre-care industry pie, and knowing who to turn to for help can be tricky.

If you are in the market for a pre-arranged funeral, here are a few things you should know about shopping smart.

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Should You Pre-Plan Your Funeral through Your Current Insurance Provider?

Wednesday, November 21st, 2012

Should You Pre Plan a Funeral from an Insurance ProviderIf you’re getting ready to pre-plan your funeral, you’ll soon discover that there are many different kinds of providers and services out there. These days, you can choose from specialty businesses that only sell funeral pre-package plans, cemeteries and funeral homes, and insurance companies for all your pre-plan needs. To make matters even more complicated, the benefits themselves vary from insurance payouts upon death to entire funerals planned down to the last minute.

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