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Benefits of Having a Memorial Plan

Posted by Golden Future Life Plans on June 8, 2023

As we get older, it’s vital to think about the inevitable end of our life. A memorial plan is a form of pre-need plan that pays for funeral and burial expenses.

Here are some of the benefits of having a memorial plan:

  1. Peace of Mind
    You can have peace of mind knowing that your funeral and burial expenses are already covered by investing in a memorial plan. This can relieve the burden on your loved ones during a difficult time.
  2. Fixed Price
    A memorial plan allows you to lock in the current cost of funeral and burial services. This means you can avoid future increases in the cost of funeral and burial services.
  3. Payment Options Are Flexible
    Golden Future Life Plans memorial plans, whether traditional or cremation, include flexible payment alternatives to accommodate your budget. You can pay in installments or in full. This enables you to manage your retirement savings and set aside monies for your memorial plan.
    Payment options:
    • Monthly
    • Quarterly
    • Semi-Annual
    • Annual
    • Spot Cash
  4. Transferable
    A memorial plan in Golden Future Life Plans can be transferred to another living person.
  5. Assignable
    A memorial plan can be assigned if you die, whether to your next of kin or to other people, provided that the plan is fully paid. This implies that even if you are no longer alive, your loved ones can still benefit from the plan.
  6. Additional Benefits
    Some memorial plans offer additional benefits such as life insurance and accidental death coverage. This can provide added protection for you and your loved ones. Golden Future Life Plans memorial plans has insurance coverage.
    • Credit Life Insurance
    • Total & Permanent Disability
    • Comprehensive Accident Protection
  • These are for planholders who are eligible for insurance benefits only. This is valid during paying period, subject to one (1) year contestability.

In conclusion, a memorial plan can be beneficial and offers peace of mind. It provides peace of mind, fixed costs, flexible payment options, transferability, assignability, and additional benefits.

It is important to do your research and choose a reputable memorial plan provider such as Golden Future Life Plans. By investing in a memorial plan, you can ensure that your funeral and burial expenses are taken care of and enjoy a worry-free future.

Check our traditional and cremation life plan packages for a worry-free memorial. If interested, contact us today.

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