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Reply to "Approaching Retirement at 65 - What kind of insurance do we need or not need?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Instead of burial insurance should you pre-pay for funeral costs? Anyone do that?[/quote] Why? If you are rich, the cost is negligible in terms of your income. If you are poor, you can have a nice ceremony and cremation very inexpensively. We spent less than $2k when my FIL died.[/quote] I think the main reason to pre-pay is so you can make the arrangements in advance and simplify things for your grieving relatives. [/quote] We did this for my mom. I was glad everything was decided ahead of time and there were no decisions to make or any disagreements about what to do. The church was even paid for. It also locked in a price because by the time she had died, ten years had passed and the prices had gone up a lot. [/quote]
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