According to a recent study by the Funeral and Memorial Information Council, funeral costs have increased by 32% since 2004. This means a $7,000 funeral in 2004 would cost $9,240 today. Where can you invest your money and earn 32%? How about pre-paying for funeral expenses? So, if someone pre-paid their funeral (funeral home charges only) in 2004 and died in 2020, how much would they owe? The answer: $0. A family holding that same $7,000 in their own private investment would owe $2,240. The difference is this: a pre-paid funeral plan is guaranteed against future inflation; that is, you won’t owe more later (for funeral home charges). In a time when interest rates are very low doesn’t it make sense to consider pre-planning?
One thing is for sure - funeral prices will never be cheaper than they are today. Consider letting me help you and your family prepare for the costs associated with one of life’s biggest challenges. End of life planning may seem overwhelming to you; perhaps you’ve thought about it but have delayed taking care of it. I can’t tell you the number of times people tell me, after a conference, that they wished they had spoken to me years earlier. They find out the conference is much simpler that they ever thought. Many people say “I need to take care of that”; many do while some put it off until it’s too late. Get this checked off your list and you’ll never have to think about it again! There are numerous benefits. Beside the fact that the price will be locked in, did you know that a pre-paid funeral plan, here in the state of Indiana, is considered an exempt asset? Not sure exactly what that means and how it could benefit you? Allow me update you on the most recent changes in the law and protect you and your family now! You will be glad you made the decision.
Call me today at my direct number (765-716-2648) and together we will create a memorable service that will last a lifetime to those you love.