It may sounds funny to some people that a funeral can be pre-planned, but you may not know, pre-planned funerals are getting more common nowadays as it is considered one of the best gifts you can give to your loved ones after you pass away. Such planning saves the headaches for your loved ones to experience the process of planning a funeral for you. It is during that time that a lot of difficult decisions need to be made during a small time frame after your death and you are the best person to do so, since this funeral is meant for you.
There are many ways to pre-plan a funeral but in this article, we are going to share with you a few most discussed and common ways to do it right.
First method is to do it in writing (or we called it a written pre-planned funeral or Family Record Guide) and usually this is solely documented by you with majority of the details in writing. It is the most basic form and though it is simple, it is still sufficient to cover quite a fair bit of your final plans and preferences which can be helpful for your loved ones in time of need.
Second method is what we called a pre-need plan. It is a more complete form and involves prepayment of all funeral expenses. It is usually regarded as an “all-regarded” end of life plan because it allows you to plan all your funeral needs and at the same time, purchase a funeral insurance policy to cover all the finance costs involved.
The last method is similar to pre-need plan but is even better which is known as a final expense plan. It works exactly the same as pre-need plan, except that instead of just covering the total costs involved in the funeral, it also provides additional monies that can be used to cover other expenses such as settling any outstanding loan or income taxes etc.
What method you choose to pre-plan your funeral you have to ensure that you must be very comfortable with it. Of course a final expense plan will be the best but it costs more hence you need to see if you are financially capable of buying such a policy in the first place. Make sure that you meet your needs but also within your own limits.