Yes, there are other programs that are similar, but there is none quite like Forethought funeral planning, funded through the purchase of whole life insurance from Forethought Life Insurance Company.
The Forethought program was developed after years of research and planning to provide the best possible security and benefits to families who enroll. One of the primary considerations in developing this funeral planning program was to design funding mechanisms that ensure funds will be available to meet rising funeral costs.
Wouldn't I be better off to invest the money myself?
Invested money earns dividends or interest upon which income taxes may be paid. And there's no guarantee the investment would keep pace with increasing funeral costs.
With the Forethought program, you have the benefit of knowing all your plans are made; your loved ones need make only one phone call to fulfill your funeral arrangements. With a Forethought funeral plan, you have the assurance that the plan has kept pace with the rising cost of funerals and no income tax liability.
If I already have life insurance, why should I buy more?
Although the Forethought program of funeral planning is funded through Forethought life insurance, which pays a death benefit very much like standard life insurance. The benefit is designed to keep pace with the rising cost of funerals, regardless of funeral price increases and regardless of how long you live. That's protection from now on, not just for a few years.
Won't my veteran's benefits take care of my funeral costs?
Most likely, no. As with many government programs, veterans' funeral benefits can fluctuate based on the availability of government funds. And, even if the benefits remained the same, they wouldn't keep pace with rising funeral costs. Most veterans who enroll in the Forethought program stipulate that the government funeral allowance be sent directly to their survivors to do with as they wish. The important thing to remember is the survivors must apply to the Veteran's Administration for the funeral allowance. It will not be sent automatically to the survivors. Faith Chapel can do this for the family at no charge.
How can I get more information?
To learn more about Advance Funeral Planning and the Forethought Plan, call one of the Advance Funeral Planning Faithful Care Advisors at Faith Chapel today.
Faith Chapel Funeral Home
Tel (850)432-6146
fc@faithchapelfuneralhome.com
Also visit the Forethought Web Site at www.forethought.com
