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Tuesday, May 20, 2014

Explaining A Pre Paid Funeral Plan

By Katie Nixon


Anyone who has had to organise a funeral for a relative or close friend will understand how much organisation goes into the planning of this event and also the cost involved. If a person dies without having set aside any money for a funeral this will have to come out of the pockets of the person organising the funeral who can then send the bills to the person in charge of the estate for reimbursement.

An individual can pay into a pre-paid funeral plan over a period of time. They be able to take advantage of the fact that they can beat inflation rates, as they will only have to pay the costs at today's prices. The person can feel rest assured that they full funeral costs will be covered on the event of their death.

When arranging a funeral plan, a person can also think about the type of service that they would like to have at their funeral. Making these arrangements in advance can save family and friends a lot of heartache at a time when they will already be very upset and perhaps stressed.

When purchasing a pre paid funeral plan the customer will be asked a series of questions to ensure that they purchase the plan that best meets their needs. They can choose what coffin they would like, whether funeral directors and staff will attend the service or just be present in the hearse or limousine and include confidential phone advice and bereavement counselling for family and friends.

The main benefit of using a pre-paid funeral plan is that relatives will not be left with a large bill once a person dies. Although the costs can be reimbursed from the deceased's estate, the initial costs will need to be paid by family or friends, which can put a huge strain on them.

There are many different providers of pre-paid funeral plans, but very often people choose a charity or an insurance provider. Most plans start from around 3000 and they can either be paid as a lump sum or by monthly instalments over a 1, 5 or 10 year period. Further details on prepaid funeral plans can be found by either speaking to financial advisor or searching online.




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