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Benefits of Pre-arrangement


FAMIC | Have the Talk of a Lifetime

Benefits of Pre-arrangement

Planning your funeral arrangements in advance can offer you and your family a number of benefits:

Emotional Benefits

  • More Time to Consider Your Options – You and your family will have time to research your options and make well-informed decisions, without feeling rushed
  • A Sense of Accomplishment – You’ll feel good knowing that these arrangements have been taken care of
  • Fewer Family Concerns – Your surviving family members will have less to worry about in the event of your death

Financial Benefits

  • The New Jersey Prepaid Funeral Trust Fund

    How the New Jersey Prepaid Funeral Trust Fund Works

    The New Jersey Prepaid Funeral Trust Fund places your money in an FDIC insured account--so you can be sure it is safe. Your money stays in your name as beneficiary, and is completely refundable except in the case of SSI/Medicaid. Should you need to apply for a public assistance program in the future, your trust account can be converted to qualify as an excludable resource.

    To earn the highest possible rate of return available from jumbo certificates of deposit, your money is pooled with thousands of other accounts. The interest earned over time helps offset the costs of inflation. As long as you fully prepay your arranged funeral, and do not withdraw any principal or interest, your funeral director should be able to provide you with the funeral of your choice at the time of need.

    And, unlike traditional savings accounts, which may close or become inaccessible at your time of death, your New Jersey Prepaid Funeral Trust Fund account will be immediately payable.

    Where to Begin

    Talk with your family and close friends and let them know of your desire to preplan. It is important for them to know that you are making these prearrangements. Your next step is to make an appointment to meet with your local funeral director to discuss the kind of funeral you are interested in planning. If possible, bring a family member or friend with you to help you make your decisions.

    Your funeral director will help you select the specific services and merchandise (including type of ceremony, viewing hours, memorial service, casket and place of committal) to meet your needs. Once your prearrangement choices are completed, your funeral director will provide you with an itemized statement listing your choices, their charges, along with your trust fund agreement.

    When your arrangements are finalized, you will be required to write a check directly to the New Jersey Prepaid Funeral Trust Fund for the cost of the funeral. You may choose to pay in full, or make a minimum payment of $500 and arrange a payment plan with your funeral director (some restrictions may apply). Within 10 days, you will receive a confirmation of your account directly from the Trust Fund.

    It's that simple.

    *Reprinted with the permission of the New Jersey Prepaid Funeral Trust Fund

  • Your Family Keeps More – When you pre-pay, your life insurance proceeds will go directly to your family
  • Save the Amount You Need – Once you gain an understanding of all the costs involved, you can earmark a portion of your savings to cover those costs
  • Fewer Last-minute Expenses – When you plan in advance, your family is less likely to incur additional expenses at the time of the funeral.

To request more information regarding pre-planning/pre-arrangement, or to begin the pre-planning process, please call us at 973-427-0800 or you can complete our easy On-line Pre-arrangement Form now. 

go to Pre-arrangement form 

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