While the majority of Americans agree funeral planning is a good idea, in reality most of us do not make end-of-life arrangements while we’re healthy and of sound mind. Unexpected deaths – even expected deaths – bring financial stress to those paying burial or cremation expenses. Many people aren’t aware that funeral financing loans can offset that stress.
Phaneuf Funeral Homes and Crematorium recently partnered with Memorial Funding, which offers funeral financing assistance via about 30 lenders. Information on funeral financing and where you can apply for a loan can be found on our website.
Funeral financing for now or planning ahead
Funeral financing assistance is available for those who need the money immediately and for people planning end-of-life expenses for a loved one. Using a funeral financing loan, you can make and pay for arrangements today and have those prices locked in until it’s time to use them.
For those who need funds immediately, a funeral financing loan allows you to give your loved one a proper and respectful send off, and offers you time to breathe and take care of funeral costs at a later date.
Funeral financing process
The web portal for Memorial Funding asks for basic financial information and if you are approved, you’ll know almost instantly. Interest rates will vary based on your credit score. Once approved, you will receive information on making loan payments. Phaneuf Funeral Homes and Crematorium and Memorial Funding do not have any say in the approval process for funeral financing loans.
Monies available from a funeral financing loan can go toward but are not limited to:
- Funeral home costs, such as use of chapels, visitation room, funeral director service, etc.
- A casket
- Transportation fees
- An urn
- A grave liner
- Memorialization items
Knowing this option is available hopefully alleviates some stress related to the death of a loved one. Help paying for a funeral allows your focus to be on giving your loved one a proper farewell, and not being immediately worried about where the money will come from.