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| | Benefits of Planning Ahead
- Preplanning allows you to spare your family the burden of making complicated and difficult decisions while trying to cope with their grief and loss.
- The cost of a funeral or a cremation can vary significantly depending upon the personal choices selected; prearranging relieves loved ones of the financial burdens associated with funeral expenses during this highly emotional time in their lives.
- Prearranging provides an opportunity to discuss a difficult subject openly with your loves ones in a non-stressful environment, and ensures that your final wishes will be carried out just as you would have them – down to the last detail.
- Allows your loved ones to take comfort in knowing that your funeral reflects your wishes.
- It allows you the opportunity to become informed of the many personal decisions that must be made in the event of your death, and the many choices available in making those decisions.
- Prefunding lets you take care of future funeral expenses at today’s cost, protecting you from inflation and unexpected expenses while ensuring that your family doesn’t inherit the bill for your funeral.
- For a person who has limited assets and who qualifies for Medicaid, a pre-funded funeral or cremation is one of the few assets that he/she is allowed to own.
- Unlike other investments (including cash value of traditional life insurance), a properly constructed and funded preneed plan will not count as an asset if you enter a nursing home.
- A prefunded funeral or cremation eliminates the risk of having to sell other assets upon your death when their value may be depressed.
- The death benefit of a preneed life insurance policy grows over time to help offset inflation and that growth is not taxable to you.
- With a preneed insurance policy, funds are immediately available to pay funeral costs, with no waiting period due to probate or other delays.
- Our prefunded funeral plans are totally portable; therefore, if you move to another area, the funds can be used at any other funeral home of your choice.
- It is not only a wise financial decision, it is also one of the most selfless things you can do for the loved ones you leave behind.
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