Life, in general, is just about paying taxes and death.
As it is tax season in The Philippines, everyone reviewing paperwork before filing. Every working Filipino think about the investment they have made the past year – to make money grow, to insure assets. People talk about investing in educational insurance for the kids, paying the mortgage and planning an international trip with the family.
But nobody talks about getting a pre-need funeral service. Just yet. This topic is for the retired or senior citizens, not for when you’re in your thirties. Or forties. Is it too early? A taboo or too morbid?
From the Philippine Statistics Authority website: “Reported deaths in 2016 reached 582,183. The figure shows an increase of 21,578 or 3.8 percent higher than the previous year’s 560,605 deaths, which is equivalent to a crude death rate (CDR) of 5.6, or about six (6) persons per thousand population. In 2016, an average of 1,591 persons died daily. This translates to 66 deaths per hour or one (1) per minute.”
What is a memorial plan anyway?
A memorial or “a funeral plan is a basic life insurance policy that provides money to pay for the policyholder’s funeral expenses when they die.”
Funerallink is taking the initiative in bringing investing for pre-need funeral service in the Philippines more convenient for the Filipinos including those who are working or living outside the country. With just two simple steps you can now avail yourself a comprehensive pre-need plan. “Our aim at Funerallink is to be the marketplace for funeral services,” Mr. Ferdinand Reyes shared during their monthly founder’s meeting. “We are working on integrating online payments so it will be much easier for our users to pay for the service,” he added.
Learn more about pre-need funeral service in the Philippines here.
As of the moment, funeral businesses have sales representative all over the Philippines selling funeral plans and pre-need life insurance. Young people don’t think they need these services but it is a common denominator to retirees. They talk about these plans. It is like a given that when you are done working, it is time to enjoy and take care of the grandkids and plan for funeral arrangements.
There are a number of benefits when you pre-pay and pre-plan your funeral service:
- Less financial stress to those who are left behind. Based on the policy paid, the funeral plan companies will do all the arrangements for you – from embalming, to caskets, to candles and flowers. Less stress for an emotional moment of the family, giving them time to grieve and interact to people paying respect to the departed.
- Since it is the policyholder who chose the memorial plan, it is less likely for the family to argue on what kind of arrangements they want. Some family might want a traditional burial while some opt for cremation. Both funeral plan companies mentioned above offer these services.
- Pre-paying funeral services is a practical investment as you are paying the current value of money for future services. Most plans are payable in three or five-year terms.
Death is absolute, and you can either go big, according to the plan you chose, or go home. Contact any funeral sales representative in the most convenient way you please or you can contact us, we’d be more than happy to assist you.
If you are a funeral service provider, you can list your business on Funerallink without an upfront cost. You can register your business here.
Photo: Unsplash
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