Pre-Planning a Funeral or Memorial--No one likes to think about death, let alone plan for it. In many families, discussing one's mortality is an extremely uncomfortable topic. By pre-planning your funeral, you relieve your family of having to make important financial decisions during a period of great stress and grief. Like it or not, death will visit even those who don't want to be there when it happens. And like it or not, death is a costly affair. To beat the rising cost of funerals, more people are starting to consider preplanning and prepaying. When you prearrange, you have control of the decisions relating to your death--the disposition of your body, the funeral or memorial services, what you want your obituary to say about your life, and a reasonable budget which will ease the financial burden for your surviving family members.
Today, more people are recognizing that planning a funeral in advance of need demonstrates love and consideration toward their family members. It is a thoughtful decision that reduces the stress of indecision and uncertainty when death occurs. The following information has been prepared to answer some of the questions we frequently received about pre-arrangement.
There are many good reasons. Some plan ahead because there will be no one who is capable of making responsible decisions. Others have definite preferences concerning their funeral service, and they want their families to be informed and involved in those decisions. Many people pre-arrange because they like the peace of mind knowing there will be adequate funds to cover funeral expenses. Also pre-payment can provide real benefits when you are applying for Medicaid in the U.S. Most importantly, pre-arrangement guarantees that rational decisions can be made ahead of time without the usual urgencies when death takes place.
After you determine your funeral preferences, we will explain your options and guide you in establishing your own plans. You should find the advice of your family, clergy, and our funeral director especially helpful when considering the options. We will record certain vital information and gather documents for the required forms. Next, you can select a casket, burial vault, and other merchandise associated with the services. Finally, you may pay for the services and merchandise ahead of time through our funding program.
The cost is a matter of your choice. All of your selections and options are featured in our itemized pricing guide. This guide provides factual information concerning each item and its price. Funding the pre-arranged service is a choice most people make to ease possible financial pressures on their family. Pre-funding allows you to pay for the funeral service at current prices. As your plan grows over time, it offsets inflation and should provide adequate funds for the future cost of the funeral. An individual may insure his or her life for the full present day cost of the funeral arrangements. Our program can provide immediate and considerable cost savings.
Most individuals between the ages of 0 and 99 may apply. No medical examination is required for the life insurance, just a simple questionnaire that is completed after advance funeral plans have been made.
Reduce the impact of inflation, which would otherwise increase the cost of your funeral.
Extended Payment Options
Our insurance plans are underwritten by Homesteaders Life Company, rated A+ (Superior) by A.M. Best. There are various payment options available. Even those on a tight budget can gain the advantages of funding their pre-planned funeral service
A funeral director will meet with you at a time that is convenient, and assist you in recording your wishes. You choose everything you want for your funeral: the type of funeral service, casket, burial vault, music, and flowers. Important obituary information will be recorded. Once you have made your selections, you will learn the payment options available to you. A record of your selections will be kept on file at the funeral home until needed.
Gilliam Funeral Home will deposit 100% of the money received toward a Funeral Plan into a Trust or Insurance policy, where it cannot be released to us until after the funeral you have chosen has been provided for you. 100% of the money you have pre-paid will be used for your funeral. There are two types of pre-need funeral contracts - Standard and Inflation-Proof. Under a Standard Contract, the consumer is putting some funds towards the provision of funeral goods and services. Although the consumer may express a preference about which goods and services he or she desires, no goods or services are actually purchased at this time. The Consumer may also express his or her desires in order to determine how much his or her funeral would cost if held today. This amount is used solely to determine how much funding would be required were the funeral held today. Again, no goods and services are actually purchased with a Standard Contract. Under an Inflation-Proof Contract, the consumer actually selects funeral goods and services. The funeral home guarantees to provide those funeral goods and services at the time of need. The consumer may also select cash advance items, but the cost of these items is not guaranteed
If you have an Inflation Proof Pre-Need plan, Gilliam Funeral Home is contractually obligated to provide all the services and merchandise included in your plan. The only change would be if survivors would wish to purchase any merchandise or service in addition to the prearranged plan.
By contract, Gilliam Funeral Home guarantees to provide those funeral goods and services that you have chosen to be included in your Inflation Proof Pre-Need Contract at the time of need, no matter how many years prior to use your plan was established.
Because your money is held in a certified Trust governed by state law, it will always be there for your funeral, even if our funeral home were to be purchased or go out of business.
Should you move outside of our service area, your Pre-Need Funeral Plan provides those funds for your funeral at the funeral home of your choice.
It may, but aren't your life insurance benefits intended for your spouse's security or your child's education? Also, the cost of a funeral continues to rise, while your life insurance benefits don't increase over time.
Social Security provides a lump-sum payment of only $255, and only if you qualify! That is well below the cost of any funeral.
No. The younger you are, the more you have to gain. Prices will continue to rise until you freeze your costs by your purchase.
You will receive confirmation by mail from Homesteaders Life Company of all the financial transactions.
Absolutely not. The Pre-Need Funeral Plan can not be canceled by the Funeral Home.
618 Wood Ave. West
Big Stone Gap, VA 24219