Stress
reduction for your survivors:
In the 24 hours surrounding a death your survivors must make over 50 decisions.
Preplanning alleviates burdens to your family and minimizes the chance
of last-minute complications.
Evaluation
of your wishes:
Your personal peace of mind knowing your wishes will be followed. Preplanning
allows you and family members to discuss options together, rather than
making decisions alone. Most survivors will fulfill your desires. However,
State of Michigan law does not guarantee that your preplanned choices
will be carried out. The next-of-kin is empowered to alter your choices
after death.
Preplanning
does not require prepayment:
As with other goods and services, prices are subject to change. The cost
of funeral goods and services has increased less than the cost of living.
We guarantee our costs of funeral goods and services for 90 days after
our initial consultation with a family.
Prepayment
will fund the cost of tomorrow's funeral services at today's prices:
The financial burden of funeral expenses can be devastating to the members
of your family. This burden can be reduced if you have set up a pre-financed
funeral. In the State of Michigan pre-funded funerals must be set up in
either a Trust funded funeral plan or an Insurance funded funeral plan.
Each plan has distinct advantages or disadvantages depending upon your
financial situation.
Trust
funded funeral plans
This type of plan uses the interest collected from your account to offset
any increase in cost because of inflation. Your family will NEVER be required
to pay any additional funds for the goods and services that you have purchased.
Interest stays with the trust fund and is not collected. You are responsible
for income taxes on the interest. There would be a form of tax-exempt
funding available. This account can be exempt from Medicaid. At the time
of death all funds in the account are given to Voran Funeral Home upon proof of the fulfillment of the
contract.
Insurance
funded funeral plans
This type of plan enables the purchaser to obtain a limited life insurance
policy in the amount of the cost of goods and services selected. Voran
Funeral Home accepts the risk that there might not be sufficient funds
to cover costs when the death occurs. In the event of a surplus amount
of funds being available after the death occurs the insurance company
will refund any surplus funds to your estate. This plan can also be exempt
from Medicaid. Your family will NEVER be required to pay any additional
funds for goods and services that you have purchased.
There
is no substitute for being able to sit down together and make these decisions,
but we hope that this information might help to satisfy some of your questions
and concerns. If we can be of any further assistance please feel free
to contact us.
