1. Preplan Your Funeral Arrangements (NOT Insurance Funded)

Why Should You Pre-arrange Your End-of-Life Plan?

Clearly one of the best gifts you can give your loved ones is pre-planning a funeral and/or pre-financing your own personal end-of-life plan. In fact, most financial professionals firmly believe that preplanning your end-of-life plan is a necessary component of a sound financial plan. This plan is commonly referred to as a Family Record Guide.

By creating your own end-of-life plan, or what we like to refer to as “your preferred celebration of life plan”, you are giving your family and loved ones the most treasured memory of relieving them from the burden of making such difficult financial and emotional decisions during a time of loss.

2. Pre-Need Plan (Insurance Funded)

What is a Pre-Need Plan, and How Does it Work?

By using this end-of-life strategy for pre-planning a funeral, you are creating an everlasting memory and gift of love by proactively choosing to create your comprehensive funeral plan in advance.

Buy working with one of our Pre-Screened and Qualified Pre-Need Specialists, you can create an “all-inclusive” funeral plan and contractual agreement.

The reason this Pre-Need Plan is often referred to as an “all-inclusive” plan is because it allows you to:

Create your end-of-life planning preferences, services, and select preferred merchandise.

Simultaneously purchase an insurance policy to ensure an adequate amount of money available to cover the total costs of this end-of life plan you’ve created.

3. Final Expense Insurance (Insurance Funded)

Where Does Final Expense Insurance Fit Best?

Similar to a Pre-Need Plan, the prepayment aspect of pre-planning a funeral is commonly accomplished through purchasing a life insurance policy. This insurance policy is used to cover the final expenses of your end-of-life plan preferences, services, and merchandise.

However, Final Expense Insurance is typically used because it can cover the costs related to your funeral as well as other possible expenses related to the settlement of your estate.

Courtesy of Funeral Resources.com