Losing a loved one can be hard enough without the added shock of overwhelming costs of a funeral. Although considering your own eventual death isn’t enjoyable for most, one of the kindest things you can do for your loved ones is to prepare for your own death. By creating a comprehensive final needs plan, you can alleviate the financial burden and some of the emotional stress that will come along with your funeral.
In Canada, families must bear the full cost of final expenses. Due to the astronomical price of things that come with a funeral, it can be a huge undertaking for your family if you haven’t properly planned ahead. A casket alone can cost upwards to $5 000, and that doesn’t even include your burial plot, your funeral service, or any of the extra expenses like funeral home services and flower arrangements. By contributing to a final needs plan now at an early age, you can accumulate enough money to cover the full cost of your funeral. Your contributions can be as low as $5 a month, making your final needs plan a manageable expense instead of a financially devastating event.
Not only will your final needs plan alleviate the financial burden of your death, it can help provide posthumous assistance to your family. Your plan will cover the cost of a specialist to manage your estate, completing necessary documents that the government and financial institutions require in the event of a death. With their experienced and knowledgable skillset, a specialist will complete these documents with the detail and care that your mourning family might not be able to provide themselves.
The thoughtfulness and consideration of making these advanced preparations can even help to protect the loved ones you leave behind. Recent scientific studies have found that the stress of losing a loved one can be detrimental to one’s health. During the year following a death, survivors face a doubled risk of suffering heart failure or strokes. When you create a comprehensive final needs plan, you can cut down on life-saving amounts of stress, alleviating the terrible mental and emotional weight of a funeral even by just a little bit.
The best final needs plans are individually tailored to your personality and financial profile. Your plan will be a personalized management programme that is designed to accommodate any lifestyle or medical condition. Your contributions to a superior final needs plan, like that of the Elephas Group, will be able accumulate in a secure, tax-free setting so that you can cover the cost of your anticipated and unexpected expenses that come along with your funeral. The flexibility of your plan will ensure that your funeral is to your specifications, but it will also alleviate your own worry. After your death, you won’t be leaving the stress of organizing and paying for your funeral to your loved ones.