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Prepaid Funerals – A Smart Investment or Wasted Time?

April 05, 2017 | | Comments 0

People plan the big events of their lives today with an increasing attention to detail and desire to control every aspect, every element, every final detail.  So it comes as no surprise that more and more people are planning their funerals in advance these days.  Critics concede that some pre-planning is a good investment but that planning out every minute detail is morbid at bed and downright weird at worst.

Still, with our current level of medical technology even a terminal diagnosis often offers months – sometimes years – of warning.  Also a longer average life span has given others the ability to think about their final days – and the days that will come after – with a clearer mind.  Many older people are also paying for their funerals in advance to save their loved ones the burden of dealing with it when the time comes.  But financial aid isn’t the only benefit pre-planning offers.

Death is, typically, an uncontrollable event.  In a world where we can now order milk from our phone once our refrigerator lets us know it’s running low, an uncontrollable event simply doesn’t sit right with a lot of people.   Pre-planning a funeral provides a way to retain at least some amount of control over what will happen once you’re gone.  When you preplan your own funeral, though, you decide everything from the outfit you wear in the casket to the number of funeral cars for the family and which burial plot to spend eternity.

While planning ahead for your own funeral saves your surviving family money when the time comes, it can also save YOU some money as well.  After paying for your funeral, you could live another 10, 20 or even 30 years. But since you paid in advance, you don’t have to worry about the rising cost of the service or your family paying extra when you pass away. It’s all taken care of the minute you sign your name on the contract.

You are also protected by a number of laws that ensure your money is safe and secure.  Some states have laws that guarantee that a person’s money for a prepaid funeral is insured. As long as you deal with a reputable funeral home that places your money in a trust, everything should be fine. Be sure to ask for copies of everything and keep them in a safe place for future reference.

While critics suggest planning for your own death can be a bit depressing and could trigger a depressive episode for some, the fact is that concern hasn’t been borne out in the marketplace.  People who plan their funerals often report they feel like a weight was lifted once it was settled.  Talking about death isn’t easy for most people but bringing the issue out in the open and discussing the details with your family will not only let you have the funeral you want, it lets your family know that you have taken steps to help and support them even in their time of grief.

Filed Under: Funeral Trends

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