You will also have the option of paying for the funeral at the time these plans are made and locking in your costs. While it is not required to do so, prepaying may give you additional peace of mind knowing that these funds can be excluded from your assets.
Each year, over a million American funerals are planned and paid for in advance. One good reason is that it is much easier for the family members left behind. Your expressed wishes will be carried out, and it will relieve the financial burden on your family.
Another good reason is that paying in advance locks in the costs for the funeral/memorial services you have planned. We can arrange that the funds you invest be kept in a protected account by a Licensed Funeral Trust Account which is secured by a national financial institution. These funds are protected even if a funeral home should go out of business and they are transferable to another firm. There are many program options, such as life insurance, to assure that your family is taken care of.
In most circumstances, the family will not have to pay more in the future for the services and merchandise paid for at today's rates, no matter what happens with inflation. The bank trust or insurance policy will increase in value at least at the rate of inflation. If there is more in the account than the funeral costs at the time of need, any difference will be returned to the estate or the heirs.
Often people ask if they can preplan their funeral without having to pay for it at the time. Yes, you can. We will make sure to keep a record of your information and selections without cost or obligation to you.
Our Preplanning Advisor will show you a complete list of our personalized services and merchandise available and the current price for each of them. You can decide about visitation, burial/cremation, and how and where the services are to be held. Some people select their casket, urn, vault and memorial folders, prayer cards and special words. You may choose as many of your preferences in advance, as you desire, at no cost to you.
Billings Funeral Home can provide you with all of the personalized options available to you for planning your arrangements ahead of time. Call 574-264-2425 with any specific questions you may have. Our objective is to assure that your services are a reflection of the life that you lead.