Should you wait until after a death, the family will be grieving, and this becomes a difficult time to discuss finances, especially when they require assistance with funeral costs. For some families, they concentrate too much worrying about how to pay for the funeral, and the burden becomes excessive.
Deal with Funeral Finance in Advance
Wherever possible, it is better to educate potential clients in advance of a death in the family, especially where assistance with funeral costs will be required.
Many families take out life insurance which they plan to use to pay the funeral director for all their funeral costs. The problem is in the delay of managing to claim the finances at the appropriate time.
Where a family must expect probate to take place after the death of an individual, it may take several months and sometimes more than a year for probate to be completed. In the meanwhile, the funeral director will be waiting for their payment.
This causes an almost endless supply of grief on the family left, they believe, to pay the funeral home’s invoice.
Where families know about funeral funding, they can receive great assistance with funeral costs by assigning the insurance policy to a funeral funding company, in advance.
This means, that when a death occurs, the funeral funding company can advance the finances to the funeral home within days of the death certificate being presented correctly.
This removes the worry for the family because they will care about how they are going to find the money to pay the debt before the insurance policy claim is met and it becomes part of the probate process.
Excellent funeral funding companies exist to carry out this task efficiently and effectively. Through their professionalism and years of experience, they can move the funds from the insurance company to the funeral director at the right time.
