Pre-planning Information
What pre-planning means
Pre-planning is the act of planning a funeral long before it is needed. You may be familiar with other names for it, such as “prearranging” or “planning ahead.” These terms all refer to this same idea of planning for desired arrangements ahead of time. For many people, this is a now logical and important part of estate and retirement planning.
Why people pre-plan
Although there are many reasons to consider planning in advance, most pre-plan to save surviving family members needless doubt, confusion, and indecision…to answer those questions that can arise when considering planning ahead, such as:
- Did I make the right decision?
- Did I overlook anything?
- Did I spend too much or too little?
- How will I pay the cost of my funeral?
Pre-planning gives the planner the opportunity to relieve the burden of decision-making for their family, and in doing so, helps to put private concerns in order. We understand that some people have definite preferences about their funeral, and planning now eliminates emotional overspending. Also, it is a sound financial decision when it is considered a part of estate and retirement planning. In short, it is a wonderful way to provide peace of mind for yourself and your family.
Things involved in pre-planning
Generally, there is an initial consultation with a member of our professional staff. The process of pre-planning involves the recording of vital statistics information, which is necessary for various documents. There is also a discussion of funeral services, costs, and different options; a general price list is provided to help you choose funeral service options. You may also select merchandise, such as a casket, burial vault, or a cremation service package. There is also the opportunity to discuss cash advances and funding options for the arrangement. Because we have an on-staff pre-planning counselor, you can be assured that we can help you through every step of the process.
Prepayment
Prepayment is an option that the majority of people select to compete their preplanning. An investment program is established with an insurance policy designating money for one specific use – to pay for your funeral expenses.
Reasons for prepaying
There are a number of benefits associated with prepaying:
- Relieving the burden of payment from survivors
- Assuring you of adequate funds for you funeral
- Knowing your investment is secure
- Protecting your investment from the impact of rising costs
- Having your investment accumulate, tax-free
- Requiring no physical examination
