We were wondering how many people are funeral planning? We have heard it is a smart investment to prepay for your funeral. The advantage is you can have payment options and the price guarantee options. When you are prepaying it allows you to take advantage of many payment plans which range from just one year to fifteen year plans. You can pay monthly, semi-annually or annually and payments can be made by check, credit card or direct debit from your bank account. We find the biggest advantage in prepaying is your funeral costs are guaranteed. If there are not enough funds in your prepaid funeral plan to cover the costs at the time of death, they will provide the same funeral for the funds available, helping preserve your estate dollars. There is also another advantage, all prepaid funeral funds grow tax free making this an effective way to put money aside without paying tax on the interest income.