Death can cause financial tragedies as well as grief. Yet preparing for the end isn’t about being morbid. It’s about making crucial financial preparations to lessen the impact when it occurs.
Over the last twenty years, there has been a significant increase in the creeping funeral costs that put many families in debt. Since 2003, the cost of the average funeral has risen by more than 65 % and in the next 20 years it is predicted that the cost of funerals will be over a staggering £10,000.
So are the pre-paid funeral plans an attractive option or just a myth?
Pre-paid funeral plans are an option for those of us who want to be both financially and emotionally prepared for their death. They allow you to pay for and organize your funeral in advance while freezing down the cost at current prices. Most funeral plans cover costs in full and include other fees for a church, a grave, and even a burial plot.
If you are looking then to pay for the funeral, a minister, a choir, and a burial then the funeral plan option is the one for you.
Are funeral plans worth your time and money?
The simple answer is yes as they save you and your family much-needed funds. What’s more important, specially trained funeral planners can help you to design the right funeral for your loved ones at affordable rates.
Nowadays, the majority of people decide to invest in funeral plans as it is for them a great option to cut down on the creeping costs of funerals
A funeral Plan is one of the best options to ensure your funeral is taken care of and paid for in advance, as it ensures to cover the cost of the funeral services included in the Funeral Plan. At the same time, it provides your family and friends with all the help and support they will need at this difficult time.
If you’ve ever had to plan someone’s funeral, you’ll know what a distressing and expensive experience this can be. Unless you sat down and discussed everything with them in advance, the chances are you might not have known exactly what sort of funeral they wanted and whether wanted flowers or not. This, combined with having to find the money to cover funeral costs, can result in a lot of heartaches and financial pain that adds up to your discomfort and distress.
