Helping elder community in their last stage of life.

[S.RAMAMURTHY]

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Now most of the elderly population are without others care although they have sufficient wealth for pulling on their rest Stage. Such a situation is unthinkable although a good number of retirement communities are now existing.. These are prepared to render service for providing accommodation,food etc.but are not willing to help the elders when they breath last.
Hence my suggestion is to form a bank in the model of a co-operative socy. enrolling all willing elders to join as members collecting some amt. towards monthly subscription. This bank can have all man powers viz.caretakers, prohits and people with cremating knowledge. Apart from this, members can be asked to deposit a sizable amount to meet the last day's expenses.
So also, the society can approach the govt. for doing burial of the deceased of the members.
This has become the priority topic of the day and readers may coffer their suggestions to workout the modalities for giving solace to elders.

 

[prasad1]

A sample plan:

Most of us shy away from the topic of death and mortality, let alone our own funeral. If planning your own funeral sounds a bit maudlin to you, that's understandable. You're probably thinking, "Why should I arrange my funeral?" But once you think about it logically and financially, you'll see how much sense it makes for you to start planning now, while you're still around to make such an important decision.
Why do people plan their own funerals? There are many advantages to advance planning. Here are a few:
Save money
When you plan and pre-pay your funeral, you lock in costs at today's rates. Of course, you can plan your funeral arrangements without paying in advance, or you can set up an installment plan. But paying now avoids years if not decades of inflation.
Have it your way
Planning your own funeral means that the ceremony and burial will go according to your wishes. You can dictate the size of your headstone and its inscription, the location of your internment, and everything else — meaning you get to tell your life story your way.
Ease the burden on loved ones
Death of a loved one, even if it is expected due to illness or old age, is still a traumatic experience. When the times comes, your loved ones will be in a delicate emotional state. You can spare them the additional stress and grief of planning your funeral by doing it yourself in advance.
Avoid the rush
Funerals are usually last-minute affairs. By planning in advance, you can take the time to research all your options. Also, having the luxury of no-pressure planning means important details are less likely to be overlooked, and you (or your loved ones) don’t make a rash decision on more expensive items than needed.
Focus on what matters most to you
At funeral ceremonies, eulogies are given that recognize the life of the deceased. If you plan your own funeral, you can ensure that those close to you will be recognized as well.
Complete your financial life plan
Your whole life you’ve been financially responsible. You planned for your wedding, your children’s’ college, your retirement. Planning your funeral is simply the last piece of the puzzle, to ensure your finances are secured and you can live the rest of your days in relaxed peace, knowing everything is taken care of.

Protect Your Loved Ones

Your funeral might be decades away, but planning your burial now relieves some of the future stress of your loved ones having to hurriedly make arrangements at high costs when the time eventually does come.

www.burialplanning.com

 

[prasad1]

Final Expense Life Insurance At A Glance
Final expense life insurance is a type of whole life insurance that can help bridge the gap between when you pass and when your current assets would be available to your family. Within the first days of your passing, many funeral bills are due. Your family may have to wait weeks for your assets to become available.
With final expense life insurance issued by Sagicor, death benefit proceeds can be paid out quickly. Plus — your rate is locked in for the life of the policy, so you’ll never experience any rate hikes.

My Life Covered Agency - Peace Assured

Peace Assured isn’t accepting any new final expense whole life insurance applications right now. But you can still get the help you need and answers to any questions you have.

www.peaceassured.com

 

[prasad1]

Of course, these are valid in the USA. A similar plan can be drawn for India or any other country.

You could even set up your own funeral "trust fund," which isn't as complicated as it sounds. You do it at a bank or credit union through what's often called a Totten trust. Now, a Totten isn't actually a trust. It's a regular bank account with a designated "pay on death" inheritor. When you open the account, you name a relative or friend (or even the funeral home) as beneficiary. You put in the money and collect the interest. You can close the account any time you want, transfer the balance to a different bank, or change the beneficiary. When you die, the beneficiary collects the account balance and pays for the funeral.

Should You Prepay Your Funeral?

Planning your funeral in advance could save your loved ones a lot of hassle. But are prepaid plans a good deal?

www.kiplinger.com

 

[S.RAMAMURTHY]

Now most of the elderly population are without others care although they have sufficient wealth for pulling on their rest Stage. Such a situation is unthinkable although a good number of retirement communities are now existing.. These are prepared to render service for providing accommodation,food etc.but are not willing to help the elders when they breath last.
Hence my suggestion is to form a bank in the model of a co-operative socy. enrolling all willing elders to join as members collecting some amt. towards monthly subscription. This bank can have all man powers viz.caretakers, prohits and people with cremating knowledge. Apart from this, members can be asked to deposit a sizable amount to meet the last day's expenses.
So also, the society can approach the govt. for doing burial of the deceased of the members.
This has become the priority topic of the day and readers may coffer their suggestions to workout the modalities for giving solace to elders.

Any amount of laws or bills in the Parliament will not fo good to aged people in asmuchas they are looked down when they become immobile. The only way to give relief to atleast 25% of the aged population is by starting a bank collecting some premium amount from moneyed elders who are willing to rely solely on the bank. The bank should also should have full man power resources who can be paid remuneration from out of subscription paid by members.
Readers seeing this thread may offer their views and if possible workout plans.