A PrePlan trust pays off the cost of your funeral - exactly how much it costs. Once you finish paying it off, you do not have to make any more payments. With traditional insurance, you typically have premium payments that have to be paid until time of death
A PrePlan Trust does not require the completion of any screening questions. You can be any age and in any health to start a PrePlan Trust. We recently had someone who turned 101 and met with us to start a preplan for herself!
If paying for your funeral is the only major expense you are concerned about, you may want to consider a PrePlan Trust instead of traditional insurance. Some people choose to start a PrePlan trust to lock in and prepay their funeral costs and keep their life insurance policy for other financial assistance to their beneficiaries (lawyer fees for settling the estate/probate court, house closing fees, rent/mortgage support, cemetery property purchase, ongoing financial support).