Your Guide to Funeral Planning | 01.14.2023

Do You Save Money When Preplanning A Funeral?

Do You Save Money When Preplanning A Funeral?

Reviewed By: Joshua Siegel

Cross Checked By: Scott Ginsberg

A Guide To Pre Planning Your Funeral 

Pre-planning anything can save you money! That's why we take the time to plan our birthdays, weddings, anniversaries, Halloween parties and thanksgiving get-togethers. Why do we plan? We plan to avoid missing out on the tiny details, to make sure that our guests get to thoroughly enjoy the event and to make sure that we are prepared and organized for whatever’s to come. When it comes to planning a funeral, we usually don’t think about these details. 

If you’re someone who likes to be in control of factors like budget, materials used, theme, or type of service you’d like, funeral pre-planning might be something that you should consider. Pre-planning funeral arrangements can help alleviate the stress on your next of kin when the time comes for them to organize your funeral

Considering Financial Prepaid Plans

The right prepaid funeral plan, with a funeral home, can cover all your needs beforehand. From funeral arrangements like caskets and coffins to floral arrangements, transportation, and crematory or burial needs, a funeral prepaid plan will look after all these requirements. 

Most prepaid plans range from $10,000 to $25,000. You could pay the money upfront or pay in installments, depending on the kind of plan you choose with options to make payments through 3, 5 or 10 years. You should also know that there will be other miscellaneous expenses like administration setup fees or yearly maintenance fees that could add another $100 to $200 dollars to the expense list. 

As good as a prepaid plan for funeral pre-planning sounds, there is a catch. If you get a plan that is non-guaranteed, which also means that it’s cheaper, your next of kin might have to pay more if the prices go up with time. Say your entire plan with all the goods and services cost you $5000. If the prices of these goods and services go up with time, your next of kin will have to pay the additional amount to have the funeral organized by the funeral home. 

If this is something you worry about, you should know that prepaid funeral plans can help you gain some peace of mind by planning ahead of time. Also, a guaranteed plan can help you lock in a price that's suitable for you. That way, your next of kin will not have to worry about budgeting for your funeral. 

Another thing to consider before buying into a plan is looking at whether your amount is going to be refundable or not, in case you change your mind. If you find another plan after signing up with a funeral home that works better, talk to the funeral home to see whether they allow plan transfers. This will also help in case you move from one city to another. 

Does Preplanning A Funeral Make Sense? 

If you find the right plan for yourself, preplanning your funeral can help save you money. With pre-planning, you don’t have to worry about things like inflation or overhead costs. You can lock in a price that fits your budget and needs and get the plan that guarantees you the services promised. 

By pre-planning a funeral, you are making sure that you are getting the kind of funeral you deserve. You can choose the kind of casket you want, pick the plot you want your body buried or cremated in, pick the type of floral arrangement and even look into the food that will be served at your funeral. This may seem needless now but a long-term plan like this can only help you save money and protect your loved ones from carrying the stress of arranging your funeral. If you’re looking for the benefits of pre-planning a funeral, go through our website. You can avail of all services and goods to make sure you have the funeral that you deserve. 

Take the time to decide the nitty-gritty of the kind of funeral you want before approaching funeral homes. Discuss your decisions with your family members. If they see the benefit of pre-planning a funeral, you might be able to inspire them to do the same for themselves.