1. Pricing and profits are too often more important than service. Chain funeral homes are normally “publicly traded companies,” which means they are accountable to their stockholders for continued profit year after year. This frequently means continual price increases, year after year.
2. Most of them don’t give you a discount on services if you use your church instead of their building. They claim it’s just as much or more work for them to use your church. The reality is that they want to charge you the higher price for services, because it is the price they need for high profits. But even private funeral homes do this.
3. Chain funeral homes have a higher turnover of employees, and that includes morticians/ funeral directors, salespeople, and managers. This translates into lack of long-term consistency of service and a higher probability of errors being made at your family’s expense.
4. Chain funeral homes most often force you to use their funding companies, insurance companies that are part of the same larger conglomerate corporation, no matter how expensive it is for a plan. Privately owned funeral homes, on the other hand, often offer you multiple funding sources. They usually have no vested interest in the company they use. They simply use whichever they feel is best for the family or for themselves.
5. You’re more likely to get “cookie cutter” service than service that meets your family’s exact needs and wants. And this can include casket price fixing.
1. Privately-owned providers tend to use the same people year after year, doing the job the same way. They are less prone to turnover of personnel, and key people such as funeral directors are hand-picked and interviewed thoroughly by the owner(s)
2. They are concerned with good will and their reputation in the community.
3. Private companies are more ready, willing and able to work overtime to get the job done right at no extra charge to you. In public companies, employees won’t be as likely to go the extra mile to get things done—especially if they won’t be getting paid any overtime pay.
4. Many privately-owned funeral homes have been in business a very long time. Two examples in the Salt Lake area are Goff Mortuary and Jenkins-Soffe Funeral Home/Crematory, which both started the same year, 1915. Tradition of high quality service is important to many companies that have been around a long time. Even though many public companies have also been around a long time, profit seems to be more important than integrity and reputation.
5. Even though public or chain funeral homes have caring people, you’re more likely to get individual attention to all the important details from a private company.
6. Pricing is done on a more reasonable basis with privately-owned funeral service providers. It is not done at the “corporate” level by managers who only look at financial statements and never deal with families at the time of need.
7. They aren’t as likely to make radical changes in how things are done or in pricing when ownership remains the same. In publicly-traded funeral companies, a new manager could be put in place with ideas drastically different from his predecessor and it could adversely affect business and the community, and it could also mean ghastly price increases.
Do the Right Homework
Don’t ignorantly let the over-priced funeral plan market clobber you due to your age and health history or health status. Don’t buy over-priced funeral plans, especially those that don’t give a discount for using your church or don’t give you early payoff discounts.
I highly recommend this Comprehensive Funeral Planning Guide produced by MetLife, if you really want to do a thorough job of planning. Click either link below to download an editable PDF.
MetLife Comprehensive Funeral Planning Guide (Editable PDF)
MetLife Comprehensive Funeral Planning Guide ( Editable PDF) Alternate Source
We can collaborate so that NO MISTAKES are made and no money is overpaid. That‘s the bottom line. I focus exclusively on your true needs and wishes instead of focusing on how much money I’m going to make for the funeral home or myself. I am only interested in showing YOU how to profit.
I just finished an analysis that shows typically how much senior citizens OVERPAY for guaranteed pre-paid funeral plans. An example is a funeral that costs $7,500 for a full funeral service and casket (already over-priced)—and that’s if you pay CASH. If you pay for the same funeral plan over ten years, you’ll pay on average around $15,000! DON’T DO IT! Learn the details.
How to Evaluate Funeral Plans
You should always evaluate your funeral plan needs in terms of what YOU want and need, not what the funeral home tells you is available. If they don’t have what you are looking for, move on to a business that does. In your home I zero in on exactly what YOU want, not what I think you should have. Too many funeral home representatives act as though they care sincerely about your wishes, when in fact they are leading you all the way to the funeral plan THEY want (the one that makes them the most money) while you end up with a total payout of $7,000 to $15,000 just for a funeral service and casket. This doesn’t have to happen to you. I have an interactive questionnaire online, which I recently added to help get you thinking more seriously about what YOU want, not what a funeral home will say you must want. In addition, you can print out various other worksheets that will disarm any representative when they see you are doing your own figuring and homework.
THE RIGHT WAY TO FUND A FUNERAL
NGL Funeral Expense Trust Summary of Benefits
· NGL’s plans cost less than other funeral funding companies.
· No penalty for Early Payoff. One year payoff is “same as cash” or less if less than one year or single payment.
· Certain costs are frozen and guaranteed with the guarantee form. Other costs are estimates and can be paid for with increasing cash value.
· You can’t lose your money. It remains in the NGL Funeral Expense Trust until need. No money goes to a funeral home until time of death.
· You have a growing cash value and increasing death benefit as long as you’re alive. All growth is tax-free.
· Funeral home can be changed any time during your lifetime.
· Funeral home can only keep death benefit and cash value growth up to their interest in the money, i.e., up to what they’re charging at the time of need. Any money left over must be refunded to the family.
· Your plan is a protected asset from creditors, hospitals, lawyers, Medicaid spend-down, etc.
· 30-day free evaluation from the time the plan comes in the mail
· You can change how the money is used in any way, as long as it’s related the burial, funeral, cremation of the insured. For example, at the time of need, a casket can be purchased anywhere. Plans can be used for cremation if previously burial without cremation.
· Future health conditions don’t affect your benefit amount
· You can reduce the amount of the plan within 30 days and increase it within 90 days.
This is the type of funeral funding plan the CHAINS don’t want you to know about! Now you know.
We can have the whole matter of funeral planning and funding done in about 90 minutes. Whether you have just $30 a month to start a plan, have cash set aside, or anywhere in between, we can find the right plan with the right funeral home for the right total cost. We can get in writing the most important details of what needs to be done so no mistakes are ever made.
UtahsFuneralPlanningSite.com serves the funeral and funeral planning market in the Salt Lake City, Utah area. Our goal is to help you plan a funeral in as much detail as possible well in advance. This website provides the tools you need to pay for funerals the right way, so affordable funerals don’t end up being a sacrifice but instead a more comfortable reality. We offer or point you to Utah's best funeral prices and lowest cost for funeral plans, which can include caskets and burial vaults, and final expense whole life insurance, especially for seniors with bad health and with low incomes. You will be able to not only outline your final wishes with accuracy, but you will know exactly how to calculate and control the cost of a funeral (church, mortuary chapel, or graveside), the cost of a burial, and, if applicable, cremation options. You will not become the victim of funeral rip-offs, over-priced caskets, or plans that don’t suit your family’s true needs and budget. There will be no confusion in your family at the time of need concerning arrangements. Once you have done things correctly, they will know where the line has been drawn on spending for your final expenses, and no mistakes will be made.