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How can you Organize Cheapest Prepaid Funeral Plan?

11:21 PM

Just like securing the future of your survivors with a good insurance plan, so that they are financially secure after you, the prepaid funeral plan saves near and dear ones from the sudden cost of the funeral expenses. These plans are more helpful and effective for the individuals, who don’t have a life insurance, or maybe are financially weak, and afraid of burdening their family for funeral expenses on an event of a sudden death. Whether death is a sudden or anticipated, funds are required for the funeral even when the cremation is done with the minimal arrangement.
Prepaid Funeral Plan
Prepaid Funeral Plan

Where to Buy The Prepaid Funeral Plan

The prepaid funeral plan can be bought from the funeral director or a professional funeral plan provider. In both cases, you book the funeral in advance before death, so that after death, your family gets the lump sum amount from the source, and may meet the most important expenses for the funeral.

How Do You Pay For The Prepaid Funeral Plan?

You may either pay the whole amount at once or pay in simple easy installments. Just as if you pay for the life insurance plans in installment or other investment, this can also be planned similarly. Investing a little amount every month for a few years, as per the plan and sum assured will help you build the fund required for your funeral with at least the minimal arrangements.

Things Covered Under A Prepaid Funeral Plan

Not all expenses of a funeral are covered under the prepaid funeral plans. It’s a sum, or amount of money, which the family gets to spend on the funeral, and not a list of facilities, which are guaranteed to be met on the funeral. Hence, due to inflation, and rise of the cost of the items and consumables, rent, etc. the money you had secured for the funeral may suffice for all activities, or may not. The cost of the burial land at the cemetery is not included in general, in such funds.

How to Plan The Prepaid Funeral Fund

Keeping in mind the inflation, and the family history of the average dying age of ancestors, you may be able to estimate how long you may live, in case, you die naturally, and what will be the funeral expense amount needed at that time. If you find out these two estimates, then planning the funeral fund will be much easy.
Cheap Prepaid Funeral Plan
Cheap Prepaid Funeral Plan

What Are The Alternatives To A Funeral Plan?


  • There are many alternatives to a funeral plan. If you don’t have a funeral fund, then after your death the amount can be taken out of your estate by your survivors without having to pay the inheritance tax.
  • If you have funeral insurance, which is also another type of prepaid insurance plan, then also your family gets the paycheck from the insurance company within 48 hours of your death to carry on the needful.
  • If you are insured, then the insurance company will pay. However, you cannot let your family depend on the insurance claim, as it takes quite long for processing, and a funeral cannot be delayed that long.

How To Find A Cheap Funeral Plan

When you start searching for prepaid funeral plans, you would get many options. The smart investor will always compare and invest. You must request quotes from different sources, and go with the cheap funeral plan that asks for the lowest installment while promising maximum returns. In addition, buying a funeral plan must be completely backed by the legal paperwork. Being a responsible individual, you must think of saving your family from the sudden expense of funeral by getting an apt funeral plan, as per your budget.

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