Funeral Expense Insurance – Things You Should Know
Canadian Funeral Expense Insurance. A taboo topic, yes, yet one that SHOULD be talked about. In addition, if we don’t talk about it, we leave our loved ones with all of the impending decisions, as well as all of the impending financial burdens that will follow. Unfortunately, many do not care. Fortunately, however, many DO believe it better to deal with funeral costs and the decisions that come with death NOW, rather than not at all.
First of all, let’s take a look at Canadian Funeral Costs. Typically, funeral costs range $5000 to $15000 and vary by Province. In addition, costs will also vary depending on how elaborate the service and burial are. Finally, the following is non-inclusive and with the assumption of NO MEDICAL BILLS whatsoever.
Death Certificate ($15-$22) Registration (About $55)First of all, these steps must be performed before applying for Death Benefits can begin.
- Transportation Services ($100 +) Most importantly, the Transfer Fee will vary as it is based on the specific location at TOD, distance to Funeral Home or Crematorium and number of transfers involved to arrive at the Funeral Home or Crematorium Facility. Also, please keep in mind that you don’t have to use a formal transfer service unless you need to move the body out-of-province.
Casket / Urn ($0-$3,000 +)Do you want to be buried and need a casket? Prefer cremation and need an urn? Do you want a Home Funeral? Did you want a Green burial, or an Eco Friendly burial? Answers here will dictate this price. Note that while Funeral Homes already offer selections of urns and caskets, you’re free to buy one elsewhere to save on cost.
Body Prep ($125-$525 +)This consists of bathing the body and applying cosmetics (if desired), then shrouding or dressing it. As a form of preparation, most embalm the body to preserve it between death, visitation, and a burial or cremation. Please note while embalming is recommended, it’s not always required (depending on the province).
Formal Services ($2,000 +)If you opt for more traditional, as a funeral service in a church or funeral home, cemetery burial, visitation, et al, then obviously the cost here is dependent on the individual and the costs will vary based on desires. Certainly, you do not have to have any of this! Maybe let those left behind provide a more intimate departure at home to save on the expense.
Plot ($1,000 +)Here we go…bet you didn’t know that burial plots are property that appreciate in value. That being said, single plots remain pricey with side by side and group plot situations the most expensive.
Burial / Cremation ($1,000 +)It does appear that more Canadians are opting for cremations, the cheapest option. Don’t forget about Green or Eco Friendly, which can be remarkably price friendly, as well, if you do your due diligence on discovery!
Thus the importance of final needs planning and insurance coverage so that this burden does not fall to your survivors.
When discussing funeral insurance and final needs plans, due diligence will make the topic less taboo. Here are things The Elephas Group has addressed on your
Q: Do I ever need a medical to qualify for a plan?
A: No. None of our products require that you have a medical exam, and we offer plans that anyone can qualify for regardless of age or health.
<>Q: What happens if I move?
A: Our plans are transferable penalty-free, even from province to province.
Q: What happens if I go into a nursing home?
A: The money in your plan is sheltered and cannot be touched by anyone but yourself. This includes nursing homes, income tax, lawyers and estate costs.
Q: Can I shelter money in my Final Needs Planning Program?
A: Yes. Many people put extra money aside in their plan to help out with extra costs that may occur including flowers, food, cemetery expenses, donations, traveling expenses, and other things. Some people choose to put extra money aside just so that their family has immediate financial help. However, because of the attractiveness there are limits on how much money a person can shelter in a single plan.
Q: Is my money protected for as long as I live?
A: Yes. All of our plans are backed by a company called Assuris, and are protected for your security.
Q: What happens when I pass away?
A: Usually one simple phone call to your local funeral home about your plan will be enough. From here, we take care of all the details and paperwork in conjunction with your local funeral director. We always encourage families to let their funeral home know that they have the Final Needs Planning Program in place.
Q: Can I pay for my monument or marker with my Final Needs Planning Program?
Q: What is the best way to record my wishes?
A: We would be happy to provide you with a complimentary Personal Funeral Planning Guide.
Q: How can I start a plan?
A: The easiest way is to sit down with one of our many certified pre-planning consultants for a free informational meeting. They can show you all the benefits in great detail, and help you choose the plan that’s right for you and your family. Please call 1-800-661-8908.
Contact The Elephas Group for more information on our Final Needs Planning Program/ Funeral Insurance Payment Plan and all of the benefits we can offer you and your loved ones! Give your family peace of mind today!