A WORD ABOUT FUNERAL INVESTMENTS

 Many people already know that funeral planning is a great way to relieve your family of difficult decisions at an emotional time.  But did you ever consider the tax and financial advantages to funeral planning? 

Pre-payment by its very nature ensures a cost freeze of services and merchandise you will need in the future.  Your neighborhood undertaker can share with you stories of people who had funeral investments for many years then getting refunds at the time of need.  The excess proceeds can be used to pay for additional disbursements like flowers or a donation to one’s favorite charity. 

That’s a benefit found only through your local independent funeral home.

As time goes by, the funeral plan grows tax free at an interest rate that is generally better than what the bank can offer due to funeral home investment Co-Ops.  When death occurs, it is released to the funeral home to pay the expenses. 

More and more, insurance companies and banks have attempted to provide competitive plans to house your funeral money.  They can promise you fixed rates, growth and sometimes payment options but they can’t provide the one thing that really matters: a guarantee.   An independent funeral home can guarantee that by paying for the full amount in advance or entering into a time pay that you will never have to worry about making up a shortfall in the future.  Insurance companies just can’t compete.  Coverage that may or may not be enough to pay for the funeral isn’t much of a guarantee.  Independent funeral directors are very good at looking after the best interests of their communities.  We have to.  Our head offices are just down from the pharmacy, the grocery store and from you.  Not in Toronto.

If you have a term insurance policy or G.I.C. that is coming up for renewal soon, why not re-invest it where it will do the most good?  In a guaranteed funeral plan with a locally owned funeral home.