Prepaid plans aren’t for everyone, but they can be a good way to provide peace of mind for you and your loved ones

Are Prepaid Burial Plans Worth It?

Prepaying for burial plans helps people prepare themselves and their loved ones for when their time comes, but are they worth it? Various factors may play a role in determining if prepaid burial plans are worth it because everyone’s situation is different. Such variables include the preparations that are necessary or wanted, and what these options might cost. All things relating to these factors should be reviewed before determining if prepaying is worth it.

Preparation Is Crucial

There are usually basic decisions that need to be made after a death, which include making arrangements for the remains, the ceremony, and the burial itself. Each of these actions can be approached differently, but you should be aware of what they are. Deciding how to handle the person’s remains could involve embalming or cremation.  

The ceremony might include factors like where the service will be held, who will be there, if there will be a viewing of the deceased, etc. The interment would include preparations as to how the remains (corpse, ashes, etc.) will be handled like a grave or tomb burial, or spreading the ashes in a favorite place of the deceased.  

All of these factors also come at a cost, so knowing this and what options may be available for paying for the plans are also important things to consider.

Your Typical Options and Costs

It’s important to note that people can plan without paying, and prepaying may not be for everyone. Common things to consider include the possibility of your circumstances changing, like a tragic death or the funeral home going bankrupt. These instances are unlikely, however.

If your circumstances change by the time you die, your arrangements may be impacted, and certain factors within may change what the best option for you will be. In these circumstances, the prepaid burial plans may make things a bit more complicated for your loved ones. In addition, the place that sells plans today may go out of business before you pass away — which would negate the plan.  

On the other hand, a person could plan and save for the estimated amount that the burial plan would cost so that there’s maximum flexibility in case anything changes. For example, a traditional funeral may cost well over $6,000, whereas a simple cremation could be as low as $995.00 — so comparing options and costs can affect the overall cost greatly — whether it’s prepaid or paid when the time comes.  

Keep in mind: The costs may change, have been steadily increasing, and will probably continue to increase in the future. So, prepaying may be a smart choice to save money and stress in the long run, especially if there’s minimal risk involved (i.e. buying from a reputable company, the type of plan bought, etc.).

Learn More and Contact Us Today

Prepaid burial plans might not be the best choice for everyone. It depends on your circumstances. 

  • It’s important to note that your situation may make it difficult to purchase a plan right now, but all things considered, should still be known. 
  • If you have the budget to purchase burial plans, and are able to find one that would best suit your needs with minimal risk, prepaid burial plans could be worth it. Funeral costs are on the rise! 

If you need help or have any questions as it relates to prepaid burial plans and if they’re right for you, give us a call at 800-548-3249.


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