Are you afraid of the elephant in the room? As topics go, death is one of the least comfortable discussions you can have, especially when it’s regarding your own. Many of choose to close their eyes to it, but to ignore it can lead to some emotionally and financially devastating consequences for their families. When you disregard the reality of your death, you’re leaving behind an unorganized and unpaid for funeral, and your loved ones will have to assume this responsibility. If you love your family, give them the final gift of a pre-planned funeral, and your family won’t have to wonder how they’ll pay for your funeral or organize a service while they grieve.
A final needs plan won’t just transfer these burdens to you. By planning ahead, you can space out the organizational duties and financial contributions over a longer period of time. With a comprehensive final needs plan, you won’t have to make a payment all in one go, which makes them very affordable and cost-effective. Plans can start as low as $5, and they’re flexible enough to fit your specific wishes and financial limitations. You’ll never be shoehorned into a rigid plan that may not be right for you. Generally, payments will never go up either, ensuring you won’t be hit by hidden or unexpected fees further down the line.
When you create a final needs plan, you can trust that your payments will sit, tax-free, in an account that can’t be used for anything but your funeral. Family members, financial institutions, and retirement homes can’t access these funds. Only your account executor can pay-out your plan to the appropriate funeral home and monument service company. Generally, a final needs planner makes these payments within 7 hours of your death. This way your family won’t have to take on the financial responsibilities of your funeral immediately, waiting for a reimbursement for the expenses they made. A final needs plan provider must act quickly so your family is covered.
If you love to travel and are concerned about passing away overseas, there are also options for that. Search for those providers that offer more than just basic funeral services. Not sure how to find that out? Do some research and check out the websites of the top final needs providers. When you visit sites like Theelephasgroup.ca you can learn about their optional services, like the travel assistance plans that take into consideration the possibility of passing away out of country. For those who don’t pass away at home, this service will cover the arrangements necessary to transport the body back to Canada. This service is also associated with final document services to ensure that you don’t have to worry about complicated paperwork which can be a burden to your family.
The real value in final needs planning is the peace of mind that it gives you and your family. While passing away is a harsh reality that we must all face, we don’t have to face it with the burden of financial uncertainty weighing down our last days which are supposed to be peaceful and carefree. Furthermore, not having a solid final needs plan in place can be a huge source of guilt if you know that your family is going to have a hard time funding the various final needs services that you will require. So address the elephant in the room, and protect your family.