Why Plan Ahead?

With Jamie Allar and Beste Funeral Home

Protecting Your Family From Debt By Pre-Paying for Your Funeral

Recent financial reports reveal a troubling reality: many Americans are unprepared for unexpected expenses. Studies show that nearly half of Americans would struggle to cover a surprise $500 bill without borrowing money or using credit. Even households with above-average incomes often find themselves stretched thin after paying for housing, utilities, transportation, groceries, and other everyday costs.

Today, many families carry significant financial obligations. Credit card balances, vehicle loans, and monthly service subscriptions can quickly consume available income. As a result, unexpected expenses often create financial hardship, forcing families to rely on debt when emergencies arise.

Now consider the impact of a sudden death. Funeral and burial or cremation expenses can range from several thousand dollars to well over $10,000, and these costs typically must be addressed within days. At a time when loved ones are grieving, they may also be faced with immediate financial decisions and obligations.

Unfortunately, funds held in a deceased person's bank account may not be accessible right away, and life insurance proceeds can take time to process. Funeral homes, however, generally require payment before services are provided. Without a plan in place, families may be forced to borrow money, use credit cards, or make difficult financial choices during an already emotional time.

Avoid Debt Through Funeral Pre-Funding

Pre-arranging and pre-funding your funeral helps protect your family from unexpected expenses and financial stress. By making decisions in advance, you ensure your wishes are known and your loved ones are spared difficult choices.

Many people who pre-plan are healthy and active, looking forward to retirement, travel, or relocation. Fortunately, pre-arranged plans are often flexible and portable, allowing your arrangements to move with you if your circumstances change.

Benefits of Pre-Funding

Removes financial burdens and many difficult decisions from surviving family members.

Provides a personalized cost estimate based on your wishes.

Allows funds to be set aside as an irrevocable asset, which may be protected when applying for SSI or Medicaid-related long-term care assistance.

Offers an increasing death benefit, which assists with meeting future pricing.  

Offers flexible payment plans with guaranteed issue life insurance coverage.

Permits changes to selected services and merchandise as your preferences evolve.

Allows you to change your designated funeral home if needed.

Returns any remaining funds to your designated beneficiary after services are completed.

A Gift of Love

Pre-funding your funeral today can be one of the most thoughtful gifts you leave your family. By planning ahead while you have the resources available, you help ensure your loved ones won't face unexpected debt or difficult financial decisions in the future.

Contact Jamie Allar and Beste Funeral Home today to learn more about pre-planning and pre-funding options. 715-571-4160