The average cost of a funeral is $9,500

There are many reasons to set aside funds for a funeral and final expenses.  By making funding plans in advance, you avoid placing a financial burden on your family and friends, allowing them to focus solely on your service and their memories of you.


Funds set aside in a prepaid funeral expense trust are totally portable and can be used with any funeral provider.  Proceeds are exempt from probate and most claims are paid within two business days.


When you set aside funds in advance, the policy value increases at a predictable growth rate, providing even more dollars when needed. All benefits are paid out income tax-free.  You can use existing money from CD's, money markets, or even life insurance to fund a funeral expense trust.


Unlike a prepaid funeral at your local funeral home, a prepaid funeral expense trust is issued by a life insurance company and regulated by the individual States.  This gives you the assurance that your funds will be available even if your local funeral home goes out of business.


The funeral expense trust is protected from all creditors and may also be considered an excluded asset (up to State limits) in order to qualify for Medicaid and Supplemental Security Income (SSI).


Establishing a funeral trust is a simple two page form in most states and can be completed over the phone and through the mail or email. 

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