There are a growing number of options available to the public today when seeking to preplan and prepay their final wishes. We can tailor a plan that's right for you. From single pay plans to automatic monthly bank withdrawals designed to meet anyone's budget concerns, our staff would be pleased to outline the choices available.
Pre-paying can protect you and your family from future inflationary trends while providing the piece of mind of knowing that they will be cared for after you are gone. Below you will find more detailed explanations of the plans that we have available. If you would like to request an appointment after you have reviewed this information, we would be pleased to have one of our staff go over any additional questions you might have.
There are two main headings of prepayment options: Trust Accounts or Insurance.
Both of these options are a great way to not leave this burden with your family, and depending on what your needs are, one will most likely be a better option for you.
Trust Accounts are a savings account set up in the funeral homes' name, but in trust of yourself, and can not be cashed without a death certificate. These savings accounts are given a high interest rate and left there for the purpose of accumulating interest to cover the cost of inflation; any excess funds are returned to the estate. Payments into these plans start with a minimum of $1,000.00 for a deposit, then payments can be made monthly, semi-annually, annually, or paid up in full at the time.
Insurance is a little more structured with their payment schedule, however, the full death benefit amount is paid after the policy is two years old. Insurance is a nice piece of mind as you do not have to worry about paying the policy in full to get the funeral amount covered. The payments can be made monthly, semi-annually, annually, however, the payment amount is governed and due dates for payments are set out upon signing.
