There are many reasons why people choose to pre-plan and/or prepay funeral services, but most fall under the desire for peace of mind and for financial reasons.
Peace of Mind
The time of death can be a very stressful time for survivors. Not only is there grieving, but there is often traveling, legal issues, and many decisions that must be made in a short period of time. Pre-planning funeral arrangements with Crescent Tide is a way to reduce the number of tasks that must be completed by the survivors at the time of death and add peace of mind beforehand. However, whether or not the funeral arrangements are made with a funeral home, it is best to communicate plans and expectations with family members.
Funerals rank as one of the largest purchases consumers make. Therefore it is often helpful to plan ahead financialy as well. This can be as simple as setting up a bank CD that is designated for funeral expenses. However, in order to set aside money to cover all funeral expenses and have it protected in the event of a Medicaid spend down situation, the funds must be placed in an irrevocable account. Crescent Tide offers interest bearing insurance policies through FDLIC that are available as both irrevocable and revocable.
Pre-planning or prepaying for funeral services does not lock you in to use a specific funeral home since the funds (if prepayed) are never held by the funeral home. Switching funeral providers is as simple as notifying your next of kin or care provider and supplying the new funeral provider of your choice with a photo copy of your prearrangements.
If you are ready to pre-plan and/or prepay for funeral services, or have any additional questions, feel free to give us a call anytime at (651) 315-8214.