The purpose of pre-need insurance is to prematurely set aside finances to pay for your end-of-life arrangements. This may include your funeral, burial, cremation, or headstone. Though death and funeral finances aren’t everyone’s conversation topic of choice, it’s smart to consider them well before you pass. Honor You breaks down the basics of pre-need funeral insurance so you can determine whether it’s right for your final arrangement needs.
Pre-need funeral insurance, or a pre-need plan, is purchased from the funeral home of your choosing. Once you designate a funeral home for your posthumous services, the home prices out your desired final arrangements.
After the expenses are specified, you pay that determined cost. Most funeral homes offer some type of payment plan so you can pay over a longer period rather than all at once.
When exploring the basics of pre-need funeral insurance, it’s helpful to familiarize yourself with guaranteed versus non-guaranteed services, as they both influence final costs. Your funeral plan will more than likely include a variety of both guaranteed and non-guaranteed services. The main difference lies in whether your family will pay anything for the final services.
Most funeral homes consider the potential of fluctuating prices and factor this into the cost of their pre-need funeral insurance plans.
Before cutting a check for future funeral services, it’ll be helpful to ask the designated funeral home these questions.
Honor You specializes in personalized funeral items and other custom memorial items to make final arrangements individualized to the person who’s passed. We also offer other informational resources on funeral arrangement processes in an effort to alleviate some planning stress. Contact us today to learn more about our selection of keepsakes that help families preserve and honor a cherished life.