As the name suggests itself with the word “Prepaid”, that means advanced payment for the work or the following of formalities after the death of a person. In recent days the prepaid funerals have been introduced to reduce the hassles of payment for the funeral ceremony. It is one of the best ways to execute a proper funeral by the arrangements, plans, and payment of the services to be provided by the service provider.
If you’ve thought about planning ahead for such an event, you may have thought that perhaps you should prepay prepaid funeral costs so that when the event comes true, you’re covered. While you’re taking care of the arrangements, there are a few other items you should consider as well.
Advantages of Hiring Prepaid Funeral Services:
Before hiring the services it is important to know the advantages and disadvantages of the prepaid funerals services.
You can get the opportunity for such kind of funerals under a number of options. You can buy burial insurance, for the funerals a convenient way to arrange a planned funeral. After your death, your family will suffer from some financial problems and you can reduce such financial stress by choosing prepaid funeral services. You can plan your funeral in advance and you can pay the total amount of your funeral into small installments.
- Pay On death is another option that is available and you can plan your funeral in advance. An account is created in the bank with the nominated person for whom you are thinking of saving or depositing funds. You can later make changes depending on the requirement of the payments.
- You are no longer a burden to your beloved ones if you are able to create an account for yourself for arranging a funeral. You can pay for your funeral in advance and prepaid funeral services will take the charge after your death.
- It is one of the common options that people use as wide scopes are available in the prepayment sections of the funerals. You are able to preset the entire work based on the requirement before time.
- Another best way to purchase the prepaid funerals services is Life insurance and you can pay for your funeral through the insurance provider. All you need to do is make a life insurance account and you are able to pay the installments as per the requirements.
What Are The Disadvantages Of Prepaid Funeral Services?
Above all are the scopes of the benefit of prepaid funerals but under-lays few disadvantages also such as:-
- Sometimes you are convinced of their services but after a few years, you will find that their services are no longer satisfactory. In such cases, it becomes difficult to recover the prepaid money from the funeral home.
- Often you are charged depending on the future rise of price, but as days come up you find that the prices are not as high as expected. So, in such cases, the insurance of the prepaid funeral does not provide you any returns.
- New options and plans may arise at low prices, and you will lose the chance of getting the best plans. But, you cannot predict future and you cannot assume the benefits of upcoming products and services. So you have to rely on the present and choose the best funeral services which are available now.
- Problems are seen while you have a transferable job, have to move from one place to another. So, you have registered an account in the funeral home in one place but after you move to another place you will find that the funeral home does not provide the same service in a different country.
In order to prevent yourself from losing money in the prepaid funerals, it is important to understand the major feature of the funeral services. So always choose a reputed funeral home that will provide the best services with new features.
If you have any questions or we can help in any way, For more information, visit Edward (Ted) Bull & Daughter Funeral Directors.