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PRE-PLANNING MY FUNERAL-Is it my responsibility? 

Sitting down with loved ones to plan your funeral may not be high on the priority list, but it is something that should be discussed in order to ensure a ceremony or service that reflects your legacy and provides for your wishes. Otherwise, the “to-do list” could be overwhelming for bereaved family members.  The choice of having a traditional funeral, being buried in a green casket, having ashes dispersed in the ocean, or the decision to donate your body to science are based on an individual’s personal beliefs, religion, and passions.

A retired schoolteacher preplanned her service to include ceremony music, how her body would be returned to the earth, and who was to be invited to the church. While diagnosed with pancreatic cancer, she composed a beautiful letter to be imprinted on the back of the funeral program. She expressed the gratitude and love she had for all the guests, the happiness in her life, and how she enjoyed living life to its fullest. She did it all.

In a sense, purchasing life insurance is pre-planning. It is a guarantee that upon one’s death, a lump sum of money will be available to cover funeral costs and other expenses. Hypothetically, if a 40-year-old bought a $100,000 Whole Life insurance policy and passed at the age of 60, the total cash value would equal $34,400 with a death benefit of $113,600 based on dividends earned – all from a total out-of-pocket investment of $31,400. This money could cover various costs associated with a funeral or memorial service along with the survivors’ unpaid expenses.

Benevolent Funds are collections taken up by churches and are often included within fiscal budgets. These collections provide funds to assist with funeral costs of members who were not successful in purchasing life insurance prior to death. If families are in an impoverished financial state or someone is diagnosed with a terminal illness, a small, modified life insurance policy is an alternative. Some churches may find benevolent funds too much of a burden on budgets; their monies could be used to support those in need who are still living.

Know your options and plan ahead.  Do it as an act of love for those you will leave behind.

This article was written in collaboration with the Family Life Transition Team, assisting families with life changing events such as; the death of a loved one, infant or pregnancy, divorce/separation, disabling event or illness, passing of a pet, physical catastrophes, adoption, or job loss. For more information contact Melody Anderson of Chadwick Insurance Group, LLC, 336. 707.9308. Family Life Transition Team can come to you.

Just a Cloud Away, Inc. ™ Journal

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