When it comes to your final arrangements, shouldn't you be the one who makes the decisions?
Pre-planning your funeral arrangements are not only a great investment for you and your loved ones, but will also help put your mind at ease knowing your exact wishes and desires will be met.
Most of us plan for the possible rather than the unexpected. While this holds true, why not gain some peace of mind by planning for the inevitable? The practice of prearranging is becoming increasingly popular. Last year alone, more than one million people planned and funded their funeral plans ahead of time. As a step in organizing your affairs, it can be just as critical as drafting a will. There are many reasons why pre planning is a great investment. Here are our top 5:
1. Peace of Mind – By planning in advance it will remove the emotional, as well as the financial, burden so family members won’t have to wonder, “Did we do the right thing?” Wouldn’t it be nice to know this is taken care of today, before the need arises, and with the support of those you love?
2. Financial Security – Often individuals provide for final expenses using their savings or by relying on friends and relatives for financial assistance. Prefunding eliminates the stress associated with your funeral payment. Do you really want to leave your loved ones with an unexpected financial burden? Planning in advance and outlining your funeral plans allows you and your family to know exactly what the costs will be.
3. Payment Options – Different plans allow you to decide what is right for you and your budget. You can set aside funds in periodic payments or choose to pay all at once. Most people choose to fund through either an insurance plan or trust, each providing different advantages.
4. Exemption of Assets – Insured prearrangement funds set aside to pay for funeral costs can be set up to be exempt from consideration of assets in the event you need to qualify for public assistance. With the vast majority of medical expenses being incurred in the last 5 years of life, having a funded plan in place will allow you to protect your net assets.
5. It’s Transferable – Don’t know for sure you are going to be living where you are living now forever? If you should move, your insurance coverage is transferable, allowing you to move the coverage as needed during your lifetime and keep your coverage.
Pre-planning a funeral is a big decision, so in doing so is up to you. If you are unsure this is the right next step for you, are any of these reasons strong enough to convince you to learn more?
We’ve guided many families through the funeral planning process and we’ve seen the uncertainty and stress that can occur when the planning is left to your family at the time of death. You can make the process easier by addressing it in advance. Planning ahead is simple and is the right thing to do to help ease the way for your loved ones.
Take a step today to learn more about this important part of end of life planning by speaking with our funeral directors, Andre Roupp and Hannah Troy. We have the experience and tools to allow you to make the choices you want and meet your budget. Request a pre-planning consultation with Roupp Funeral Home, or call to schedule an appointment at (570) 966-2402.