Financial Benefits of Pre-Planning Your Funeral

By: Graeme Hogle
Tuesday, June 30, 2020

Today, many funeral homes offer funeral pre-planning. If you have particular requirements about how you want your funeral service to be held after your death, you should consider pre-planning. It allows you to organize everything precisely as you want it to be. You can be sure that everything will be planned down to the last detail as per your wishes.

The Financial Benefits

There are several financial benefits to pre-planning a funeral as well:

  • Funeral costs can increase over time. Something that cost $4000 a decade ago now requires double that amount. However, when you pre-plan a funeral, you pay a certain amount. That cost is locked-in and will not increase even when there is inflation in the future.
     
  • When family members grieve over death, they do not take financial aspects into account and end up overspending on the funeral service. However, when you plan your funeral, you have complete control over how much you will spend. You can choose a plan that fits within your budget and does not have to worry about your family members having to pay out of their pockets.
     
  • Most credible funeral homes will allow people to pay in installments for their pre-planning. Instead of spending a lot of money at one shot, you can pay it over 2 to 3 years. This type of payment option is easier on the pocket, and you do not feel the pinch.

No matter which way you look at it, there are several benefits to pre-planning a funeral, and you should contact a well-established funeral home for details of the plans and services they offer. You can then pick something that best suits your needs.

If you want more advice or need information on cremation, get in touch with us at Cremation Care Centre. You can call us at (416) 255-0035 or register online.

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