In addition to the emotional benefits of pre-planning your funeral, there are also financial benefits to pre- financing your funeral. We offer two flexible options that will assist you in ensuring the appropriate funds will be available to cover the expenses of your final arrangements.
A TD Canada Trust Prepayment Account provides a local option that allows you to safeguard the funds you have allocated for your funeral from unauthorized access. You will be able to make lump sum or monthly payments into an account held at the local Swan River TD Canada Trust branch which will earn interest similar to a GIC. Paull Funeral Home and Crematorium has a unique arrangement with the branch under which you will qualify for special interest rates. Upon your death, funeral expenses will be paid directly from the account to the funeral home and any unused balance will be paid out to your estate.
Family Side Funeral Insurance is an insurance policy designed to cover the cost of your funeral expenses. The insurance premiums may be paid as a lump sum, or over a number of years. Plans are available for which you will be able to qualify regardless of your age or health. At the time of your passing, the proceeds bypass your estate and are paid immediately to a family member or funeral home, in accordance with your pre-arranged selection.
When sponsored by a funeral home, the plan accumulates with tax-free growth and the death benefit will be paid out tax free. You can deposit up to an additional $35,000 which will also qualify for this tax-free growth.
The Worldwide Travel Plan is a rider that can be added to your Familyside Plan to cover the additional expenses of a death occuring away from home. The plan covers transportation to a funeral establishment where the death occurs, transportation of the deceased and a traveling companion back to their home, and the handling of necessary documents and consular services.