Pre-fund Online

Pre-fund Online with Funeral Directors Life

We are the first funeral home in Minnesota to launch the online pre-funding program through Funeral Directors Life Insurance Company. It is an online tool which will allow you to navigate package options, select merchandise, and add on any extra funeral related items you will need. Once you submit payment information and sign all the proper documentation, you will be immediately issued a policy to print for your records.

Our staff are available to be on the phone while you navigate this system so please do not hesitate to call while you make decisions. 

Below are the most common questions about our online pre-funding feature.  

Why would someone pre-fund online?

We understand that people might not always have time to meet with our staff in person to make funeral arrangements in advance or pre-fund those arrangements. Whether you live out of state and are planning for your parents who live in Minnesota or you are sheltering in place during the COVID-19 restrictions, our online pre-funding tool could be for you. It allows for a pressure free experience where you can save your choices and come back to them later. 

We also understand this tool is not for everyone. If you would rather meet in person, please call us at (651) 738-2198 to make arrangements with one of our funeral directors.

 

What important things will I need before I start?

Minnesota requires that funeral funds be placed with a third party life insurance company and not with the funeral home directly. This is to keep your money safe and ensure that you can choose any funeral home you wish at the time of passing.

It is important to know that there are essential details you must answer on an application form in order to receive a pre-funded policy. Besides the typical questions like birthdate and address of the policy holder, you will also need to provide a social security number for the person the funeral arrangements are for. If you are not comfortable submitting a social security number online, our staff can always meet with you in person.

 

What if I change my mind after I submit everything?

In Minnesota, you always have 30 days to cancel a life insurance policy and receive all your money back. Just let your funeral director know that you want to cancel and they will submit the correct paperwork, no questions asked. 

 

What if I want to pre-plan but not pay for everything in advance?

Most people actually have pre-plans on file with a funeral home but have not funded. If this is what you would like to do, please vist our pre-planning online page. Once you enter your information, we will mail you a hard copy for your records.

 

What should I know about spending down for Medical Assistance?

If you are spending down funds in order to qualify for Medical Assistance (MA) in Minnesota, there are a few important things to know. If done correctly, funds set aside through a life insurance policy are not considered assets when applying for MA. When setting up the pre-funded policy it is important that the following criteria are set in place:

  • Funds for funeral arrangements should be set aside in an irrevocable life insurance policy.
  • Primary beneficiary designation should be "Any funeral home as their interest may appear."
  • Contingent beneficiary designation should be "To the estate of the insured."
  • The insured AND the policy owner should be the person the funeral arrangements are for.
  • You will need an itemized statement of goods and services from a funeral home
  • There is no limit to what you can spend on various items as long as it is itemized on the statement of goods and services. However, if you do not use all the funds at the time of death, any extra funds will go back to the county.

After you complete the online process, you will receive a phone call from one of our licensed funeral directors within 24 hours. The purpose of this call is to see if you have any questions and to make sure that everything is set up correctly in the case of MA.

 

Okay, I am ready to start using the online pre-funding tool. 

(note: The above online funding tool will take you to a secure, third party website. If you are unable to see all the images, please switch to a browser option that is not Safari)

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