Oltmann Funeral Home will honor your pre-arranged funeral plans from any other funeral service provider. This is much like having a C.D. at a Bank and you simply move it to another Bank. Since the Funeral Home has not provided any services, except to hold your money, they should let you transfer to any Funeral Home you wish.
If you have pre-planned or pre-financed your funeral arrangements, contact Oltmann Funeral Home for more information. We work with all pre-need companies, such as Forethought, Homesteaders, Great Western and Missouri Funeral Trust, and will assist you with the transfer papers.
No one likes to think about death, let alone plan for it. By pre-planning your funeral, you relieve your family of having to make important financial decisions during a period of great stress and grief. At this time when people aren't thinking very clearly your family may not know what to do because you never made your wishes known.
Pre-planning your funeral can be very informal, and as simple as jotting down your preferences and sharing your wishes with a family member. More formal arrangements in the form of a pre-need contract can be established through the funeral home and can be pre-funded through life insurance, bank trust agreement, or other methods.
We at Oltmann Funeral Home encourage all in our community to take time aside with your loved ones and share with them the way you would like to be memorialized through your funeral service. The easiest way to start is by reviewing the highlighted topics at the top of this page. When you are ready to take the step of writing your information down call the funeral home or make use of our online prearrangement services highlighted below.
WE WILL HONOR ALL PRE-ARRANGED PLANS WRITTEN WITH OTHER FUNERAL HOMES. PLEASE CONTACT US TO FIND OUT MORE.
Options for Financing Funerals
A funeral is an essential expenditure, and a little planning will eliminate the uncertainty of costs and payment. If you don't plan for funeral expenses, you run the risk of your family having to ask friends and relatives to share an unexpected financial burden, which can put everyone in an embarrassing and uncomfortable position. And if you borrow money, it has to be repaid.
Here are some options for financing funerals:
- Pre-Need Insurance
- Pre-need plans are designed to cover the expenses associated with your death and funeral.
- Pre-need insurance companies such as Homesteaders Life and Fortis Family offer several payment options to give you flexibility.
Annuities
Generally, annuities allow for the money you pay to be invested. Interest is earned which will, over time, increase the amount of money available to pay for your funeral.
Life Insurance
A traditional life insurance policy can meet several needs--pay off loans, fund education costs, and provide for living expenses, as well as funeral expenses.
Bank or Funeral Trust
A funeral trust is similar to a savings plan. The earnings on funeral bank trust funds are taxed every year, and paid either by the family or by the trust itself.
Savings Account
Beware with this strategy. A long illness can easily deplete short-term savings, while taxes and early withdrawal penalties can reduce long-term savings.
For more information on funeral pre-planning and pre-funding, contact us.
Funeral Directors Life Insurance Company
From humble beginnings, FDLIC began as the vision of four small-town funeral directors who were concerned about protecting the best interests of the families they served by providing them with a safe and secure preneed insurance product. They were serving the people in their own neighborhoods, people they knew personally, people they cared about.
When they were entrusted with funeral funds in advance, they wanted to be able to guard their friends' and neighbors' money with the utmost care. They wanted to be able to ensure that advance funeral funds were being properly managed, preserved in value, and grown to guard against inflation.
In 1981, they purchased a small mutual aid insurance company, Wilkerson Burial Association, which they converted into a legal reserve life insurance company. From these humble beginnings, Funeral Directors Life Insurance Company was born. A set of insurance and annuity products were developed to be sold through their respective funeral homes. News of the new company traveled fast, and neighboring funeral directors began requesting to do their preneed business through FDLIC. It became evident that expansion was necessary as the company's territory grew, and in 1986, the company was relocated to a more central location in Abilene, Texas, where our corporate offices are still located today.
Gaining a national presence during 1986, new management was brought in and an emphasis on sales and marketing was created. Since every funeral home they served had unique and individual needs, the product offerings were expanded to provide more variety. An organized sales structure was developed to better serve each funeral home. Our focus as a company shifted from marketing to individual consumers to providing excellent service to client funeral homes. The new management developed a method of consulting with each funeral home client to determine the program which best met the individual needs of the account, reflecting our mission: To Be the Best, Most-Respected Provider of Products and Service to the Funeral Industry.
In the years since its inception, FDLIC has grown far beyond the original founders' expectations to serve funeral homes all over the country. Our Board of Directors is still made up primarily of both active and retired funeral service professionals. This ensures that the needs and interests of funeral directors and their families are always represented in our Board meetings and upheld in the Company's decision-making process.
