Do I need a funeral plan?
Benefits You And Your Family
First of all a prepaid funeral plan is the most cost effective measure you can take in preparation for the inevitable. Furthermore, traditional funeral insurance policies are not the same as prepaid funeral plans. The most noteworthy difference is the guarantee of fund growth to cover future rising funeral costs.
Prepaid Funeral Plan Vs Insurance
Traditional life insurance policies are designed to pay out under a variety of circumstances. The amount that is paid out is fixed and the monthly premium is based on your lifestyle and age. In comparison a funeral plan does not take into consideration either your medical condition or life style.
Plans are guaranteed* to cover the cost of your funeral as far off as that might be. The cost a person pays is the same whether they are 30, 40, 50 etc.
Protect your estate
Finally, a prepaid plan is a powerful way of protecting the estate that you leave to your family. You may, and we hope you live a very long, healthy life. A plan you secure now will prevent unavoidably higher funeral charges from eroding that which you bequeath to others.
Have any questions?
What exactly is covered by a funeral plan?
These disbursements are specifically: