Talking About Funeral Expenses
You don’t want to turn the passing of a loved one into a funeral expense monetary rant like you would the regular household bills. It’s improbable to relate to a life based on a final funeral bill and what that bill has done for the next financial security of the future of your family.
You surely wouldn’t want to sully the memory of a loved one by muttering about escalating costs, and unpaid funeral expenses with late dates and why did they ask for this rather than that in their final wishes. You could barely deny that person their wishes in life, let alone their last wish.
If this strikes a chord with you, then perhaps it’s fair to assume this: you wouldn’t want to be the cause of these thoughts, this worry, this stress or this sort of scenario on a loved one upon your passing (and subsequent funeral expenses). So it may be time to think about strategic planning for funeral expenses in your family: you, your partner, your children or their children, so the above doesn’t ever come to bear.
Make sure you understand what funeral expenses you are up for
Funeral expenses aren’t insignificant. Much like anything, their prices range depending on the selected items, services and the way the deceased is interred or otherwise. If there are particular cultural or religious observances to be made there’s a chance these may need to be factored in, or such unfortunate circumstances if someone dies away from their home and their body needs to be repatriated.
Not really the most fun of topics to be reading about at this time of day is it? Or any time of day really, but there you have it. It’s been brought up now so we should continue.
There are a few ways you can set about safeguarding your loved ones from the financial burden of funeral expenses. Some of these are: making a provision in your estate for the allocation of funds, taking out funeral insurance, or purchasing a pre-paid funeral plan with assistance from a funeral home. This is not an exhaustive list.
Get ideas on requesting free quotes and comparing the rate online.
And it’s recommended you seek a range of impartial professional advice for your personal circumstances so you can achieve the best result possible. Your advisor may be affiliated with a certain company or product so it may be to your advantage to understand where their loyalties lie – but that’s not to say their offerings should be discounted out of hand.
Depending on where your concerns are you may want to ascertain how quickly the funds could be accessed for funeral expenses upon the policyholders passing (funerals, generally, tend to happen fairly soon after a person’s passing and therefore the bills will likely turn up then also), who is covered, what would not be covered, what happens if death occurs a short or long time after the provision (whichever way you go about it) has been made, who is authorized to receive or manage this and what options you have for coverage for the funeral expenses.