WHY FINAL EXPENSE INSURANCE?
Nobody likes to think about their own death, but the fact of the matter is funerals and burials aren’t cheap. Depending on the situation and one’s personal preferences, they can actually cost thousands of dollars.
FUNERAL PLAN BASICS
If you haven’t given much thought to your funeral plan, you might be surprised to learn how much goes into it. For instance, you’ll need to decide whether you’d like to be buried, interred in a crypt or cremated. If you’re seeking a burial or interment, you’ll have to decide where that will take place and what type of casket you’d like to have. With cremation, you should also consider how your remains will be stored.
You’ll also need to give thought to what kind of funeral service you’d like to have and where it will be held. For instance, you may want to go the more traditional route and have a small service at your church or at a funeral home. Or, you may want your loved ones to gather together for a celebration of your life at a memorial party to counter the somber nature of the event.
Thinking about these types of things may be overwhelming and even seem a bit morbid but creating a funeral plan in advance can ensure that your funeral reflects your personal wishes without adding any additional emotion strain for the people you leave behind. It also gives you the opportunity to account for specific costs, create a funeral budget and determine how those expenses will be paid for.