This is from a US NEWS and World Report article on funeral costs.
“It sounds great in theory: Preplan and prepay your funeral expenses so your children and heirs won’t have to make expensive and difficult decisions while grieving. About 23 percent of people over age 50 have prepaid at least a portion of funeral or burial expenses for themselves or someone else, according to a 2007 AARP survey. But not all pre-paid funeral contracts deliver on their promises as funeral homes go out of business, change hands, or raid the money consumers thought was safely invested in trust funds.”
IF YOU MUST DO Preneed follow the prepay tips from the Article here.
Follow the money.
Ask about refunds and cancellations.
Read the fine print.
Consider saving on your own
See the full article here:
With the Illinois Funeral Directors Association and the 40 million dollar mismanagement there is as strong indications that preneed is not good for the consumer. FYI-The Ifda still sells these policies.
The NPS Scandal of 500 million disappearing from funeral trust has hurt funeral directors that pick up the tab. The best way to lower funeral costs is to to plan your funeral in advance an pay for it at the time of need. That is a sure way to negotiate lower funeral costs.
Here are four simple funeral cost tips.
1.Go in to the funeral home with planned negotiations to lower costs of a funeral.
2.Get products from alternate sources.(internet)
3.Avoid Funeral Homes Scams and preneed scams.
4. Be sure to read your funeral contract carefully at need or preneed.
One of the old time funeral directors tricks is to distract the folks when it comes time to read the contract. Do not let the bad guys do this to you.
(Your) Funeral Guy
Be sure to let me know how you saved on your funeral costs and funeral expenses.
More on lower cost funeral expenses can be found below.
More funeral information can be found here: