Smart Ways to Cover the Costs When Planning a Funeral in Chicago, IL

June 19, 2019 9:28 pm Published by Leave your thoughts

While it’s difficult for many people to think about the logistics of end-of-life planning, it’s important to take time to consider all of the aspects of planning a funeral in Chicago, IL so that your loved ones are not left with the difficult task of arranging everything from scratch after you pass away. Not only do people have to juggle various elements of planning a funeral, including coordinating cremation or burial, writing an obituary, ordering flower arrangements and finding a funeral home—they also have to deal with the costs associated with planning.

Fortunately, there are several ways people can pay for the cost of a funeral, and you should keep these in mind as you consider end-of-life planning:

  • Life insurance: Life insurance policies are commonly used for end-of-life and funeral costs. After the policyholder passes away, the beneficiary on the policy is given a lump sum of money, which they can use to pay for the expenses that are associated with funeral planning and other end-of-life costs. Life insurance can make a huge difference when it comes to the ability of your loved ones to cover funeral costs, so it’s worth it to secure a policy as soon as you can.
  • Veterans benefits: People who have served in the military are eligible for veterans benefits to mitigate the costs of a funeral. The Veterans Administration (VA) allows veterans to be buried in national cemeteries for free. In some cases, the VA also pays for additional expenses associated with funeral or memorial planning.
  • Savings and loans: Without life insurance or other means of paying for funeral services, many people rely on savings accounts or loans to cover the costs. This is especially common for people who die unexpectedly, since they often don’t have arrangements or plans in place for their burial, cremation, funeral or memorial service.
  • Pre-planning: To minimize the burden of planning a funeral in Chicago, IL, many people choose to take care of their own arrangements by pre-planning a funeral or memorial service. Pre-planning enables people to make decisions about funeral planning and pay for their service in advance, so their loved ones can focus on processing their grief without the stress or expense of funeral planning. In addition to the benefits that this can have for your loved ones, pre-planning a funeral also gives you much more control over the details of the event so you can be honored and remembered according to your wishes.

Get help with planning a funeral in Chicago, IL

You can get the support you need while you’re planning a funeral in Chicago, IL by reaching out to Marik-Baken Funeral Services Ltd. We know how challenging it can be to make funeral arrangements, and that’s why we’re here to make the process as easy as possible for you. As a family owned and operated funeral home, we are dedicated to delivering the best services possible to all of our clients. If you would like to find out more, simply give our team a call today to arrange a consultation.

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