» Funeral Preparation: Your Queries Addressed

April 30, 2010

Funeral Preparation: Your Queries Addressed

In case you aim to pre-plan your ‘funeral’, do know that you aren’t some freak. Here are certain aspects you might be concerned about.

1. What happens in case the funeral service provider closes down?
Although this is looked upon as being quite improbable, funds given by you for your funeral services will be acknowledged in accordance with the code of conduct of the UK’s ‘National Association of Pre-paid Funeral Plans’ (NAPFP) and would be completely safe. The monies for the funeral are set aside in a consortium – an individual lawful entity – that is regularly reviewed through unconnected accountants and actuaries. As a result the funeral will still take place as per your assured funeral arrangement and the funeral chief will be compensated from the trust-fund.

2. Are there certain ‘age’ or health restrictions on who might purchase a funeral service?
Negative. It’s that simple

3. What are the benefits of planning for my funeral now? Why not leave the money in a savings account?
Once you pay for a pre-remunerated funeral option, you will never be required to shell out any added funds towards the funeral service’s expenses irrespective of how much these expenditures might rise in the future. No bank could provide such security. In the recent past funeral expenses have increased more than price-rises. Hence, why mustn’t you guarantee your funeral requirements at today’s price, and later make use of the remainder of the money you save just how you want!

4. What in case I choose to obtain a plot for somebody else?
No setbacks with this, so long as the idea is suitable and needed by that person.

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