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What is Prearrangement?
Prearrangement is the act of planning a funeral long before it is needed. You may be familiar with other names for it, like pre-need, or planning ahead. These all refer to this same idea of planning for desired arrangements ahead of time. For many people this is a logical part of estate and retirement planning.
Why people Prearrange
-to save surviving family members needless doubt, confusion, and indecision
*Did I make the right decision?
*Did I overlook anything?
*Did I spend too much or too little?
*How will I pay the cost of my funeral?
-to relieve the burden of decision making for their family
-helps to put private concerns in order
-some people have definite preferences about their funeral
-eliminates emotional over spending
-peace of mind for yourself and your family
-part of estate and retirement planning (extension of what you have already done all your life)
What is Involved in Prearrangement?
-vital statistics information is recorded which is necessary for various documents
-discussion of funeral services, costs, and different options
-a general price list is provided to help you choose funeral service options
-merchandise selection of a casket, burial vault, or a cremation service package
-cash advances and funding options
Prepayment
Prepayment is an option that the majority of people select to complete their preplanning. An investment program is established with an insurance policy, designating money for one specific use, to pay for your funeral expenses.
Why People Prepay?
-relieve burden of payment from survivors
-you are assured of adequate funds for your funeral
-your investment is secure
-protection from the impact of inflation
-tax-free accumulation
-no physical examination required
-guaranteed issue application to Monumental Life Insurance Co.
How do I find out more about prearrangement?
Simply fill out the "Contact Us" section on this web page and we will send you no obligation information on prearrangement.
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