Why should I plan a funeral in advance?
At the time of loss, immediate family members are faced with the task of making dozens of difficult decisions and thinking of creative ways to celebrate the life of a loved one, all while they are experiencing intense grief. Having a plan in place greatly relieves your family of stress, worry, and doubt on one of the worst days of their lives, bringing peace and comfort during a difficult time.
Are funeral pre-planning and prearrangement the same thing?
Funeral pre-planning is writing down your wishes concerning how you want your life celebrated. Funeral prearrangement involves working with a funeral home to choose all the elements of the funeral service, as well as the merchandise that will be needed to carry out your wishes. Pre-arrangements also usually include some method of prepayment for services and merchandise.
Does my life insurance policy pay for the funeral?
Life insurance is a wonderful tool designed to help family members “get back on their feet” following the loss of someone they depend on financially. Life insurance helps pay for medical bills, debts and obligations, and day-to-day living expenses. Funeral costs can certainly be paid with the life insurance proceeds, but this option does not tell the family anything about the wishes of the deceased. Many times what makes the funeral process challenging is your loved ones will have to ask themselves questions that you are no longer able to answer for them.
What if I can’t afford to pay for a plan right now?
No large down payments are needed. You can pay for your funeral in a number of ways. If you choose prepaid funeral insurance as your funding vehicle, you generally have options such as:
- Single payment
- Payment plans over an extended time (3, 5, 7, or 10-year plans)
- Monthly, quarterly, or annual payments
If you choose to go with an insurance plan, your plan will be protected by insurance from day one, meaning that if you should die before your payments are completed, the full cost of your prepaid funeral contract will be paid to the funeral home. Other plans are available that do not have insurance coverage. Make sure that you choose the one that is right for you.
How safe are my funeral funds?
Ensuring that your funeral funds are safe and secure is our highest priority. We believe the first line of defense is choosing a strong, financially secure funding vehicle for pre-need funds. We have chosen to work with Funeral Directors Life Insurance Co. (FDLIC), a highly reputable and financially stable insurance company. FDLIC holds an excellent rating in the insurance ratings. You can find out more information at their website, www.funeraldirectorslife.com
, and/or register for an account online at www.fdliconline.com
. Once you receive your acceptance letter, your policy number will be issued to you. This account will give you access to your account status, allow you to make payments, and check your balance at any time. We will be happy to have one of our Funeral Service Counselor set up the account for you.
Free: child and grandchild supplement.
Where approved, the child and grandchild supplement provides coverage for the child, grandchild, or great-grandchild of the contract holder in the unfortunate event that death should occur while they are unmarried and between the ages on one and eighteen.
What if I move away after completing my plans?
Your prepaid funeral policy or annuity is transferable to any funeral home should you move away. Any discounts or savings that you received from “locking in the funeral cost” with the funeral home would not be transferable, however.
Transfer Existing Pre-Plan Policy
The Austin Area is constantly expanding. Did you know over 150 people move to the Austin Area each day? If you have moved to Austin and would like to transfer a pre-planning policy for yourself or a loved one, we will be happy to help you do so. The first step is to fill out this form. We will contact the Funeral Home and begin the transfer for you.