. For the most part, anxiety is triggered by shock from loss, not knowing what to do or who is going to pay for the funeral or hospital costs. A majority of people are not knowledgeable how to plan funerals. Some of the things people should know include:
The video narration states that funeral planning is now part of estate planning. If they are planning ahead, they need be aware of the kind of funeral service and the disposition they would like, as well as the sum needed, as well as how to finance the costs. It can help to alleviate the burden of relatives in the unfortunate event of their passing.
Anything could not be covered under insurance
In the event of a death, life insurance will pay a lump-sum. The money could have been utilized to pay for the costs of treatment. Also, inflation doesn’t cover policies, so if a death occurs, the loved ones will cover some of their expenses.
A few people can qualify with government-funded benefits that help offset funeral planning costs. Individuals should confirm whether relatives of theirs qualify for the benefits offered, specifically in the case of military veterans.