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Potential disadvantages may include paying more than expected due to interest fees and facing challenges with moving the policy to another facility. On average, prepaid funeral plans may cost you anywhere from $2,000-$10,000, depending on your funeral preferences.
PrePlan is a funeral trust pre-funding program, backed by the New York State Funeral Directors Association that is the nationally-recognized leader in managing prepaid funeral and burial accounts.
A pre-paid funeral plan lets you pay for some funeral costs such as the services of a funeral director to arrange the funeral and take care of the deceased. Since July 2022, all pre-paid funeral plans are regulated by the Financial Conduct Authority (FCA).
The average funeral costs between $7,000 and $12,000. The viewing, burial, service fees, transport, casket, embalming, and other prep are included in this price. The average cost of a funeral with cremation is $6,000 to $7,000. These costs do not include a cemetery, monument, marker, or other things like flowers.
If you arent already, your funeral home should be networking with other local businesses. These interactions could lead to beneficial partnerships and even some referrals. If you have a strong connection with other businesses, like florists and caterers, they could recommend your firm for their clients needs.

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Average cost of prepaid funeral plans Depending on the final disposition method you choose and the funeral provider you make arrangements with, you can pay anywhere between $950 to $15,000.
State laws require that prepaid funeral plan payments be securely invested with an independent entityan insurance provider or trustso that if the funeral home you made plans with goes out of business, the funds in your plan can be transferred to another provider.

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