How To Pay For Cremation Services

By: Schilling Funeral Home & Cremation
Monday, July 22, 2019

It’s never easy to think about your death, but unfortunately, as everyone will die someday, its better to think about it and make plans now than to leave your loved ones with the stress and expense of planning. Cremation services in Rock Falls, IL can be very expensive, and if you don’t do some planning right now, you’re going to leave your family and loved ones with a very big bill when you die.  

However, saving for a cremation is not as simple as just putting money aside in a savings account. When someone dies, his or her money is usually frozen for at least a month. So your family can’t access any money you had in an account for your cremation until long after its over.  

The average cremation is not cheap, so you need to come up with a plan to pay for yours. There are a few ways to do this, like:  

  • Insurance - Most life insurance policies will pay out a lump sum of money to a beneficiary when you die. This lump sum can go a long way towards paying for your funeral or memorial service. These insurance payments are made almost directly after death so your loved ones can pay for the cremation right away. There are also special insurance policies for death related costs like burials, funerals, cremations and more.  
  • Payable-on-Death Account - Payable-on-death accounts, or PODs, allow you to set money aside specifically for cremation and other death-related expenses. Your beneficiaries simply have to present a death certificate to the bank in order to obtain the money. They will not have access to the money until after your death.  
  • Veterans Benefits - If you served in the military you may be eligible for veteran’s benefits, including burial, cremation or funeral at no cost. The Veterans Administration will pay a burial allowance to your loved ones to cover cremation expenses. Check the VA website to see if you’re eligible.  
  • Borrowing - Banks also offer loans specifically for cremation expenses. However, as these loans are personal and unsecure, they can get expensive. Interests range usually from 16 to 35 percent on these kinds of loans. Since the FCA recommends that you do not go into debt for a funeral or cremation, be sure to only take out a loan you can easily pay back. 
  • Low-Cost Options - If you don’t have money to set aside right now, and feel like you won’t later on either, you can plan for low-cost cremation options. From direct cremations and at-home funerals to green burials, or even donating your body to science, there are definitely low-cost options out there. If you do plan to donate you body to a medical school or other institution be sure to enroll in advance.  

These are just a few of the many ways you can pay for your future Rock Falls, IL cremation services. To learn more, contact Schilling Funeral Home & Cremation by visiting 702 1st Ave Sterling, IL 61081, or calling (815) 626-1131. 

Leave a comment
Name*:
Email:
Comment*:
Please enter the numbers and letters you see in the image. Note that the case of the letters entered matters.

Comments

Please wait

Previous Posts

Body Identification and Cremation Services

One of the main concerns the bereaved have with cremation services in Dixon, IL is how their loved one’s remains will be identified throughout the cremation process. Many people hear false horror s...

Choosing Funeral Home Music

Music is a powerful tool that can evoke emotion and mood. That’s why almost every funeral at a funeral home in Dixon, IL has music. There are many different kinds of funeral home songs out there, f...

Cremation Service Ovens

Many bereaved have questions about the cremation services in Rock Falls, IL which is understandable as its not common knowledge how it works and its done. One of the most common areas that people h...

Questions We Ask Ourselves After a Loss

No matter you choose to have a service at a funeral home in Rock Falls, IL or a more non-traditional service, your journey to healing after a loss is going to be long and difficult.  One part...

Everyday Items for Cremation Urns

While there are lots of options for what to do with the cremated remains after a cremation service in Sterling, IL, many people choose to keep their loved one’s cremated remains in a cremation urn....

What to Include in Obituaries

There is so much that goes into planning a funeral or memorial at a funeral home in Sterling, IL. From choosing flowers and music to greeting guests, its overwhelming. The bereaved are also tasked ...

What Goes into the Cost of Cremation Services?

One big reason why people are choosing cremation services in Dixon, IL is that they can cost between 20% to 30% less than the average funeral service. When death can be pricey, that’s a lot of savi...

The Meaning Behind Funeral Home Flowers

You might know that its traditional to bring flowers to a funeral home in Dixon, IL, but do you know why?     The most common and traditional funeral flowers all have specific mean...

Navigating Cremation Services Around the Holidays

Many families face loss at the holidays, be it a recent loss or an anniversary of a past death, even though the holidays are traditionally a time of being with loved ones and celebrating. Though lo...

Modern Next of Kin Relationships and Funeral Home Services

The definition of a family is no longer a simple husband, wife, children and pet scenario. More modern and inclusive definitions are better representations of all kinds of relationships. However, t...