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Prepaid Trust Fund
Thinking
about one's demise leaves most people feeling a little
uneasy, but preparing for the inevitable is a decision
more and more older adults are finding wise. Those
preplanning their own funerals admit it's not on the top
of their list of fun things to do, but say it does offer
great emotional and even financial security.
Among
the biggest reason consumers prearrange is the peace of
mind that comes with knowing a spouse or child will not
be left with the emotional burden of making difficult
decisions at a stressful time. Prearrangement also
ensures the consumer and family that his or her final
wishes will be met. At the time of death, family members
take comfort in knowing the funeral reflects what their
loved one wanted.
Preneed
plans are attractive because they re designed to earn
interest at a rate higher than inflation thus leaving no
expenses for the family and possibly leaving excess
funds at the time of the funeral. The two most common
methods of prepaying for a funeral are investing in a
regulated trust or opening a life insurance policy.

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