The Benefits of Funeral Financing
Posted by: Erin Ward in Funeral Planning Resources, Funeral Advice | July 8, 2021
Whether a loved one died unexpectedly or not, funeral financing may be the right payment solution for you. With this payment method, you can make payments over time, so you can save your emergency funds and have peace of mind.
Check with your local funeral home to see if they offer funeral financing, as many firms partner with funeral financing companies. They may even offer it directly on their funeral home’s website, so you can begin the process from the comfort of your house.
To see if this payment option is a good fit for you, let’s further discuss the benefits below.
Make Funeral Payments Over Time Instead of All At Once
If your family’s funds are limited, paying for the funeral expenses all at once may seem overwhelming. But with funeral financing, you don’t have to drain your funds. Instead, you can make payments over time at a rate that works for you. This way, you can still afford to pay your bills and other necessary living expenses instead of struggling to get by.
Save Your Family’s Emergency Funds
Rather than depleting your families’ emergency savings, you can keep it for any other unexpected expenses. Life is unpredictable, so if your refrigerator breaks down or your water heater stops working, you want to have the funds to fix those things immediately. Or if you had already planned on using the savings for something else, like a new house or car, you can still do this. Ultimately, your emergency funds should be a last resort, not your primary funeral payment option.
Have Peace of Mind with Funeral Financing
With funeral financing, you can have peace of mind instead of worrying about the funeral payment. You have comfort in knowing that you still have your emergency savings and can keep your attention on grieving and honoring your loved one.
Along with funeral financing, another common funeral payment option is funeral fundraising. Click here to learn more about it!