People think I'm nuts when I mention "pre-need" but you need to do it, all of us do.
I have a 5 year old son who will drive someday, probably when he's 16 or 17.
My wife and I can't afford it now but some day we would like to buy a house; will we ever have enough?
My 8th grade daughter says she wants to be a doctor so I can count on at least 10 more years of tuition.
I'd better get renters insurance in case this apartment ever burns down and I lose everything.
We'd like to go to Europe for our 25th anniversary but who can afford it? Prices just keep going up and up.
...oh, and I guess I might die someday too ( want to lay odds?). I wonder if I should even bother taking care of that or should I just leave it to who's left? That is if there is anyone left.
Of the things I've mentioned above, some might be concerns of a few of us, some may not apply to us at all and some may seem far fetched but let me continue...What car dealership do you know of that will sell you a car at today's prices and deliver a brand new one in 10 years when the actual cost might be 5 times as much as today? Do you know of a builder that will sell you a house at today's market prices, and will take payments, but build it in 15 years at no additional cost to you? I don't think I know of any schools that will accept your tuition today and promise your child the education you paid for in 10 or 15 years. Why do we get insurance? To pay for something that "might" happen in the future? If I can't afford a trip now what makes me think that I'll be able to afford one in 18 years when the prices have skyrocketed in comparison to today. If I could only buy it, lock in the price and pay it off a little at a time. All of these maybes and what ifs may or may not happen...BUT...We're all going to die, I'm certain. Do you think that today's cost of whatever type of funeral you want is going to be the same 9 or 49 years from now? Fat chance. Pre-Need, it's simple - you select what you want today, pay for it today or in payments and you are guaranteed the same as you've selected today in 9, 23, 30, 45 years...at no additional cost. Where else can you do this? Why would you want to do it? You can't do it anywhere else that I can think of and I would want to do it now because if nothing else, death is inevitable and let the funeral director worry if he can do it without taking a loss; and don't worry he has to; it's the law.