Financial Benefits of Pre-Planning Your Funeral

By: Myles O'Riordan
Tuesday, May 26, 2020

Funeral pre-planning has become very popular in recent years because it offers several great advantages. It is the process of recording your funeral requirements and preferences with a funeral home in advance. At Wagg Funeral Home, we offer expert pre-planning services and will make sure the entire event goes according to your wishes. Here’s a look at some of the financial benefits of pre-planning a funeral:

1. You Can Avoid Surging Costs

Funeral costs can increase with time due to inflation. A service that costs $3,000 today may cost $5,000 next year, which is why pre-planning is a great choice. The rates remain frozen for a fixed duration so you can save thousands of dollars in the process.

2. Save the Family’s Money

Family members often have to deal with funeral expenses after a loved one dies, which can be difficult if the family has lost an earning member or is in a difficult financial position. Pre-planning removes this financial burden, letting loved ones grieve peacefully. They don't need to make last-minute arrangements for money or dip into their savings.

3. Paying in Installments

It is possible to pay off the funeral costs in advance through a payment plan. Most funeral homes provide this option and offer flexible plans to customers. If the individual dies during the payment period, the family can pay the remaining amount.

4. Avoid Overspending

It is common for people to overspend on funeral services out of a sense of familial duty or affection. They don’t want to be ‘cheap’ while planning services for a loved one. Pre-planning helps prevent this from happening because everything is already decided. Your loved ones will have no opportunity to overspend.

If you want to know about our funeral or memorial services, don’t hesitate to contact us at Wagg Funeral Home today and we’ll be happy to help.

 

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