What is Pre-Planning & Pre-Funding
A pre-need plan is a dedicated funeral fund used to pay the pre-determined expenses of a cremation, funeral or burial. Many people choose to make cremation or funeral arrangements prior to their death. These arrangements are commonly referred to as funeral pre-planning, pre-arranging, pre-need, or dedicated funeral fund.
Funeral pre-planning offers peace of mind – knowing that your wishes will be respected and that your family has fewer burdens during their time of grief. Others find that by pre-funding their cremation, celebration of life/funeral and burial expenses, any additional life insurance they already have purchased may be used for its original purpose and not for funeral expenses..