Can I pay for my funeral now?
Yes, you can pay now for your funeral. This is most commonly called a prepaid funeral and there are many companies who provide them. With a funeral plan you pay the cost of your funeral (set at today’s prices) in advance and so your loved ones will not have to worry about paying for your funeral when the time comes.
What are the Pros and Cons of funeral plans?
Pros
- Funeral plans can be cheaper than funeral insurance
- Funeral costs are calculated at today’s prices for a funeral today
- Costs can differ greatly between funeral companies and so it is wise to shop around
Cons
- If other costs have increased, your family may have to pay for them e.g (cremation or burial fees)
- If you haven’t told your loved ones about your funeral plan, they may never know!