How to Finance Your Planned Funeral
Despite knowing that death, more often than not, comes without warning, many families still have reservations about going into funeral planning. For one, they may find that the topic is too grim and sad to be brought out into the open. The idea of losing someone or you leaving your family may be hard to swallow, but on the upside, planning for your funeral in advance is the only way you can put down on paper the things that you want in your funeral. This will certainly cut down the decision making process and disagreements that your family will go through. If the hesitation has stemmed from the financial aspect of funeral planning, there are a few options to consider.
- Funeral Insurance Contract
This provider-specific contract will cover most items you need for the funeral like caskets and other burial services. While this will save your family the headaches of planning, they may have to spring for some items that are not covered. Also, there is always that risk that the funeral home you contracted with would, for one reason or the other, not be operating by the time you need their services.
- Designated Account
You can open a bank account to fund for your funeral.
- Other Options
Credit cards are often resorted to when families are strapped for cash.
Source: http://thefamilyplot.wordpress.com/2009/09/25/pre-pay-pros-and-cons/
