Today, more people are recognizing that planning a funeral in advance of need demonstrates love and consideration toward their family members. It is a thoughtful decision that reduces the stress of indecision and uncertainty when death occurs. The death of a loved one is a time of great loss and stress on family and friends. Advance planning helps reduce the impact allowing your loved ones to devote more time to coping and understanding their loss and less time concerned with funeral arrangements and financial details.
The following information has been prepared to answer some of the questions we frequently receive about pre-arrangement.
Why do people pre-arrange a funeral service for themselves or a family member?
There are many good reasons. Some plan ahead because there will be no one who is capable of making responsible decisions. Others have definite preferences concerning their funeral service, and they want their families to be informed and involved in those decisions. Many people pre-arrange because they like the peace of mind in knowing there will be adequate funds to cover funeral expenses. Also pre-payment can provide real benefits when you are applying for Medicaid in the U.S. It also helps reduce the impact of inflation, which would otherwise increase the cost of your funeral.
Most importantly, pre-arrangement guarantees that rational decisions can be made ahead of time without the usual urgencies when death takes place.
What steps are involved?
The professional staff of Kornegay & Moseley Funeral Home and Cremation Service will assist you. We will explain your options and guide you in establishing your own plans. You may find the advice of your family, clergy and/or friends helpful at this time. We will record certain vital information and gather documents for required forms.
At this time, you may wish to select a casket, urn, burial vault, and other items associated with your service.
What will the pre-arranged funeral service cost and how do you pre-pay for a funeral?
The cost is a matter of your choice. Our knowledgeable staff will assist you by explaining plans and options that are available to you at this time. There are two ways to pre-pay for a funeral; payment in full or pre-funding through life insurance or a trust:
Pre-Payment in full:
You may make the payment in full. This will guarantee the price of the funeral and any merchandise you select.
Pre-funding through life insurance or a trust:
Our insurance plans are under-written by Forethought Life Insurance Company, rated A+ (Superior) by A. M. Best, the oldest insurance analyst of claims paying ability in the country. Anyone can benefit. Even people on a tight budget can gain the advantages of funding their pre-planned funeral service through life insurance or a trust.
Tax free value, tax free death benefits:
Our plan provides life insurance benefits that are exempt from federal income tax when paid to a named beneficiary. Neither the increasing value of the coverage nor the total benefits paid at the time of death are federal income taxable.
Individuals between the ages of 9 and 99 may apply. No medical examination is required for the life insurance; just a simple questionnaire that is completed after advance funeral plans have been made.
How is pre-funding done?
The professional staff of Kornegay & Moseley Funeral Home and Cremation Service will meet with you at a time that is convenient. We will assist you in recording your wishes. You may choose everything you want for your funeral. For example, the type of funeral service, casket, burial, pall bearers, memorials, urn, music, flowers, etc. Our staff will assist you by recording important obituary information. Once all your selections have been made, you will learn the payment options available to you. A record of your selections will be kept on file at our funeral home until needed and you will be given a copy for your records.