Once you and your family decide to Plan Ahead and Pre-Pay for your funeral arrangements, your payment will be placed into either a life insurance policy or an annuity. Both the insurance policy and the annuity have their own benefits and they will be explained to you, so we will be able to decide which one is better for you and your family
Two Ways of Pre-Funding Funerals Are:
Your payment for your funeral service will be placed into an irrevocable life insurance policy. This policy protects your assets from nursing homes and other long term care facilities, which meets the Medicaid requirements. The death benefit is generally exempt from income tax liability on the growth of the policy. The payment of the death benefit which pays for your Funeral or Cremation Service goes to the beneficiary, Graham Putnam & Mahoney Funeral Parlors.
An annuity is another way to pre-fund your funeral. This is used mainly when someone is elderly and in very poor health.
We are pleased to meet with you to discuss the advantages and benefits of Planning Ahead. Please contact Peter Golov, Funeral Director of Planning Ahead at 617-981-1179 or 508-754-1717 to schedule an appointment.
Arrangements can be made in the comfort of your own home by clicking the button below. Fill in as much as you are comfortable with and we will be pleased to meet with you. See the form below for details.