Pre-paid funeral plans are an effective and often good-value way to make funeral arrangements in advance. Here are just some of the key benefits of funeral pre-planning which explain the soaring popularity of pre-paid funeral plans today.
Pay your funeral director’s fees in advance
A funeral plan allows you to fix your funeral director’s costs, as listed in the plan paperwork. As long as your chosen firm carries out your funeral and your requirements don’t change, these costs are covered. From the moment you take out a funeral plan. Most plans include a significant contribution towards third party costs too, known as disbursements. These costs are beyond the control of the funeral director and may increase over time. But crucially, when a funeral is conducted, your family will not be left to pay for the services provided directly by your funeral director. This means that no matter how much a funeral director’s prices may increase, for whatever reason, their costs are covered.
Prevent difficult decisions for your family
When a loved one dies, one of the first problems the family has to deal with is arranging the funeral. If you have ever been responsible for this you will appreciate how difficult this time can be. Your thoughtfulness in making the arrangements ahead of schedule, by having a pre-paid funeral plan in place, will make things so much easier for those you care for. A funeral director can precisely match your wishes and budget to a funeral plan which is right for you. No-one has to worry what happens later – especially you.
Choose the service you want
Whether you are someone who is wholly bothered about arranging your funeral service or not, there may be one or two arrangements you’d prefer to have. By taking out a pre-paid funeral plan, you are able to discuss specific arrangements with your funeral director so that when the time comes, the service you have specifically requested will be conducted.
Reduce the value of your estate
For some people there can be real benefits in reducing the value of their estate in later life. For example, those in care are responsible for the cost of their own care provision until the value of their estate dips below a determined amount. Therefore by purchasing a funeral service in advance, you are able to reduce the value of your estate and ensure that no money will need to be taken out of it when you pass away to pay for your funeral service.