Turnkey Death Planning Programs May Work In The U.S.
Those of us with aged parents (and perhaps even those of us who are not getting any younger ourselves) are haunted by the specter of what to do at time of death.
Regardless of an individuals financial circumstances, the mere logistics of dealing with death are daunting.
For those with limited financial circumstances, the costs of a funeral can be disastrous–particularly at a time of emotional turmoil when good judgment may be adversely affected.
The life insurance industry has had funeral and “pre-need” insurance for decades. This is designed to help cope with the financial burdens of funeral and burial or cremation.
Religious institutions sometimes help pre-arrange the end-of-life details, too. And many funeral homes will work with individuals and families to do the same thing.
However, the ability to have the planning done with professional help, by someone with no stake in the sale of products or services attendant to funerals and final disposition, can help to achieve the result of a reasonable and dignified passing.
Everyone has heard horror stories of unscrupulous undertakers preying on survivors after the death of a loved one. This makes many consumers reluctant even to think about pre-arranging what will happen at that time, let alone to take steps to act on it.
Anyone who has ever sold a life insurance policy knows that. Unfortunately, life insurance professionals also know the sad truth: Even with the assistance of the most honorable of funeral directors, handling final affairs for a deceased loved one can result in expensive and painful missteps.
Now, a new program weve observed in Canada is attempting to help with this difficult juncture. The program is like many of the pre-planned programs that exist in the United States, but with one significant difference: It integrates all the final planning pieces into one package.
This package includes not only life insurance (to cover funeral and burial or cremation expenses) but also a type of “concierge” service arranged in advance to ensure proper handling of logistics when the inevitable occurs.