Funeral planning? smart idea or waste of money?
Join a Cremation Society. You pay ahead of time. You can even pay on-time. Then when your time comes the family doesn't have to worry about it. That's what we've done. A decent funeral in Canada starts, minimum at about $1,500 and can go up as high as $15,000. To see if you qualify for assistance, this site gives the guidelines. http://www.direct.gov.uk/en/MoneyTaxAndBenefits/BenefitsTaxCreditsAndOtherSupport/Bereaved/DG_10018660
Is life insurance evil? Why shud anyone benefit from anyone else’s death?
true true true...but it has its' pros...like a poor family perhaps...but yea...mostly murders
My aunt bought life insurance for my dad?
I just found out my aunt bought life insurance for my dad. They lived next door to each other in California. When my dad passed away, she asked my brother for a death certificate and then went and claimed the money which, from what I heard, was $50,000. Is it illegal for her to purchase life insurance for my dad? She isn't dependent on him and he wasn't dependent on her either. She contributed nothing towards his funeral. In fact, she flew to WI and tried to get us children to give her a share of the life insurance our father purchased for himself. She didn't take care of him when he was sick. We had to fly out there to watch over him. If it is illegal, is there anything I can do about it? I don't want the money. Honestly, I just hate her so much for what she did that I don't want her to have the money either. She cashed out on the insurance and didn't tell anyone about it. We only found out after her and her greedy husband divorced over the money. This all happened two years ago. Oh, and now this aunt is doing the same thing again with her older sister. She bought life insurance for her sister and refuses to visit her in the hospital, stating that there is no point because her sister isn't going to make it.
My dad is dying and i just found out he has no life insurance, how do i bury him when he dies?
ever considered cremation? i think it may be cheaper than a burial. considering, with a burial sometimes family members have an "open casket" at funerals. but i would do research if its something u have in the back of ur mind.
What's the point of having life insurance?
Is the only point of life insurance to have a proper burial? I could care less about a tombstone, I'm not going to be around to look at it. It seems that money spent on Life Insurance would be better spent paying down debts or saving up for purchases.
Why do people not prioritize having life insurance? When a family member passes away, they are scrounging to pay the funeral expenses.
Funerals and weddings are family events which can cost anywhere from just above nothing, to more than a year’s income.Also, both are driven not by need but by a desire to give the honoree “the best.” For a wedding the honoree may be driving, or at least abetting, this push. For a funeral, not so much.It would be inappropriate to suggest that the more ostentatious displays often seen are intended to stun the competition, so I won’t.Since thinking about funerals is usually mostly done when there is a deceased, planning in advance is unpopular with many families. Some of us might consider “honoring the deceased” is, by definition, a waste of money, since the honoree won’t even know about it.The only funeral I’ve ever been involved in planning was my mother’s. She died at 90, and was scheduled to be buried in the town where she grew up but hadn’t lived in decades, so there would be very few contemporaries present. We had a sufficient but not posh casket, and small service at the Methodist church where she attended as a child, and burial beside the remains of my father. The cost was significant, but not excessive. Before planning a funeral, the family needs to take a realistic look at the cost/benefit of such.
What's the point of having a life insurance? Since you won't be there to enjoy the money?
You're right. There is no point to life insurance since you can't spend it. Your children, spouse, siblings, parents, or partner do not need help with your expenses when you're gone. They don't need help paying for your funeral. They don't need money to be able to afford time off from work to grieve and make arrangements for your burial. Why should you care? You'll be dead. Why spend your hard earned money on something that will only benefit the people you love?In fact, why spend money on them at all? Your mother doesn't need that gift for her birthday. It's not like you're going to enjoy it. Your brother is on his own. Why should you fork over a little of your money to help him make rent? Screw him. He can just get evicted. Your sister's car problems? Not your problem when she asks to borrow money so she can get to work.It's your money and you should only spend it on things that benefit you. Everybody else is on their own.
What happens to the body if you can't afford a funeral?
In the US, that will usually fall to the county - at least in the places I know.Often, that is a cremation without ceremony; in some places it is a burial without ceremony.If there is any surviving family or friends, they might get together for a memorial service or memorial celebration on their own, at home, at their place of worship, or at a number of civic locations in town, often at no cost.But like most things in which the government is involved, particularly as a payer, there are guidelines and/or conditions/restrictions involved. But County government assistance is the place to start. Do this BEFORE obtaining any sort of services whatsoever from a funeral home -that can be one of those conditions they impose. I have seen the county decline a request, because the family had already told a funeral home to remove the body from the hospital.Their regulations said “Nope! You have already contracted with someone, by the act of asking them to pick up the body. Therefore, we know that there is money, but the family would rather not spend it. We will not get involved.”
What happens when a person dies and there is no money for funeral costs?
It is best if the parent or family member purchase and pay out a burial policy before this occurs. However, if this wasn’t done then the family will most likely need to meet with a funeral home and arrange payment arrangements to prepare and bury their parent. Also cremation is a more economical way of providing this for a parent. Though of course some do not want to be cremated.Have included a link that also may be helpful providing options available in some cases. Paying For a Funeral: What Do I Do If I Can’t Afford a Funeral?