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.
Canada Purple Shield 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.