The Pros and Cons of Pre-Paid Funeral Plans

Pre-paid funeral plans are a great way to start setting your affairs in order and prepare your family for when you eventually pass away – we thought it would be helpful to write a bit about the pros and cons of purchasing a pre-paid funeral plan in more detail:

prepaid funeral plans

Taking Control of Your Own Memorial Service

A pre-paid funeral plan lets you to take control of your own memorial service, which can be a pro or a con depending on the way you look at it. In many cases, they offer people a sense of direction/purpose at a time where such feelings can seem hard to come by. This feeling of control can be empowering, and it can be daunting – sometimes both in equal measure. A pre-paid funeral plan cannot ease all your worries about dying and what you are going to leave behind, but it can at least give you the opportunity to establish the way you want to your friends and family to say goodbye to you, having established your wishes in advance.

Accessible Funds to Cover the Cost of Your Funeral

What motivates most people to take out pre-paid funeral plans is the desire to keep the funeral costs out of their loved ones’ hands, so they don’t have to shoulder the financial burden. This is admirable and smart, as the rapidly rising cost of dying is showing no signs of slowing down. In little over ten years’ time, we expect the cost of an average funeral to have tripled. Life insurance or cash savings may cover such a substantial figure, but a pre-paid funeral plan is the only sure-fire way of locking in the cost of the Funeral Director’s services at today’s prices. The funds that you save in a pre-paid funeral plan are specifically for your friends and family to access after your death for your funeral, while life insurance policies and cash savings could be withheld for longer periods.

Security of Funds

This aspect really depends upon your pre-paid funeral plan provider. Where will your money be held? What if you go direct to a Funeral Director and they go out of business? Will your money be safe and secure? These are conditions that you’ll want to establish before you take out a pre-paid funeral plan. At Capital Life Funeral Plans, we provide a fully-transparent service to put your peace of mind above all else. You can rest assured that your money is safe in a secure independent trust fund, which is protected until your money is required.

Pre-Paid Funeral Plans with Capital Life

Capital Life Funeral Plans endeavour to make your funeral planning as painless a process as possible. We know it can be an emotional time, so we are committed to providing the best possible customer experience and helping you tailor your pre-paid funeral plan to your needs and requirements.

Contact us for more information on exploring the benefits of a pre-paid funeral plan with Capital Life, simply click here to speak with our of our funeral advisors.