The growing awareness among the people today regarding the escalation in funeral costs has made the prepaid funeral plans a viable option. This is mainly due to the reason that prepaid funeral plans offer the advantage of locking the costs of funeral conducted at a future date at today’s rate while also providing the assurance that the selected activities will be carried out by the service providers. But, before you rush to purchase a prepaid funeral plan, there are many things which you need to clarify from the service provider. Firstly, you need to enquire about the different plans to understand the activities which are covered under these pre-paid. Secondly, you should check whether your funeral service provider offers you one-time payment or multiple payment options to cover for the activities selected under the prepaid funeral plan. Thirdly, you need to check whether the deposited funds are kept in an Independent Trust. This is important to segregate the liabilities of the funeral service provider so that even if the service provider goes bankrupt, the Independent trust can cover for the costs for the funeral as paid by the purchaser.

Finally, you need to be sure that do not fall for very low-cost options as these may be intermediaries who are working purely based on commission without the intent of delivering the services. After deciding all these, you can select the funeral providers which meets your requirements so that you can have a peace of mind that all the activities will be carried out without any additional financial or mental burden to your family members. While these enquiries can be time-consuming and confusing, you must nevertheless ensure that the funds that are collected from the prepaid plans are actually utilised for meeting the funeral service requirements as promised to the purchaser.

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