There are two common ways to cover funeral and burial costs. The first is with a “final expense” policy, and the other is a “pre-need” plan. On our home page we have a complete explanation for final expense policies. However, it is essentially a set lump sum paid to your beneficiary, which they typically use to pay funeral expenses and debts that may be left behind.
A pre-need plan is different. This plan is purchased from a specific funeral home to cover the funeral arrangements you select ahead of time. You may pay the cost all at once or over time. The funeral home will cover specified guaranteed services. Additional services can be paid as well should your loved ones desire them.
One of the advantages of a pre-need plan is that your guaranteed services will be covered, even if they are much more expensive than when you purchased the plan. This can result in significant savings, especially if you live long after the plan is purchased.
Here are questions to ask when considering pre-paying for funeral services:
Should you have an interest in discussing pre-need plans, simply enter your contact information on this page and we will have a qualified local representative reach out to you.