I sat with a gentleman pre-planning his funeral, who said to me he would like his story told. This gentleman had taken out funeral insurance 20 years earlier for $4,000 which covered a funeral 20 years ago. The gentleman thought he might only live a few more years, but 20 years on he worked out he had paid nearly $26,000 in premiums but still only had $4,000 cover. He had come to see me to pre-pay $6,000 to top-up his total funeral to $10,000 and wanted to know the ongoing costs. When I told him there were, no fees whatsoever he was amazed. There are not only no fees for us to assist but also,
1. NO FEES to set up the pre-payment plan
2. NO FEES for annual administration
3. NO FEES when claiming at the conclusion
But ALSO the Funeral Trust pays out interest each year so the fund grows and never diminishes. Setting up a plan can be done easily and simply online at www.thefuneraltrust.co.nz and clicking on the ‘join’ button at the top of the page. Or if you click on Paraparaumu you will get linked to us here at Kapiti Coast Funeral Home. If you would prefer, one of our five experienced Funeral Directors can make a time to see you at the Funeral Home and we can apply online with you, guiding you through each step. A prepaid Funeral has a further financial benefit with $10,000 being exempt from asset testing for long-term residential care. The money you pre-pay is held in the Funeral Trust, a National Trust run by the Funeral Directors Association of New Zealand. Should you consider a Pre-Paid Funeral with The Funeral Trust?
By Andrew Malcolm KCFH Managing Director
