Losing a loved one is traumatic enough but these days more families are struggling with the dilemma of how to pay for a funeral. If the death was unexpected and no funeral provision had been made, you need to quickly assess your options for how you can pay for a funeral.
Firstly, you need to get a perspective on how to manage the overall costs of a funeral. If you have concerns about how you are going to pay, then it should be a priority to keep costs as low as possible. Cremation will work out much cheaper than a burial. You do not need an expensive casket, embalming or a burial plot. You can still have a dignified service if that is what you wish, or you can have a very simple and minimal fuss cremation. If for personal or religious reasons, you require a burial, then you need to keep ancillary services as simple as possible.
However simple your choices are, you are still going to need a budget to cover your funeral expenses. There are a variety of options that may help you to cover the costs. You can read in detail about these options on Funeral Financing – A Breakdown of your Options. One option that you can consider is taking out a funeral loan.
Although credit has historically not been made readily available to customers purchasing funeral products and services, this seems to be changing in our credit-driven culture today. There are a number of credit products on the market today to assist with meeting funeral expenses. However, as with any other financing, a level of credit-rating is required. Some funeral homes are now working with funeral financing organizations to help meet their families needs. Before entering into any type of credit agreement for funeral finance, be sure that this is the right option for how you choose to manage your funeral payments. Consider all your other options – such as life assurance assignment, pension funds, liquidating assets, charity, church and service organization contributions, even fund-raising. It is never a wise move to incur debt to cover funeral payments.
Locate your nearest DFS Memorials provider to find your best value funeral or cremation service.