PRE-PAYMENT OPTIONS

There are a growing number of options available to the public today when seeking to preplan and prepay their final wishes. We can tailor a plan that's right for you. From single pay plans to automatic monthly bank withdrawals designed to meet anyone's budget concerns, our staff would be pleased to outline the choices available. 

Pre-paying can protect you and your family from future inflationary trends while providing the piece of mind of knowing that they will be cared for after you are gone. Below you will find more detailed explanations of the plans that we have available. If you would like to request an appointment after you have reviewed this information, we would be pleased to have one of our staff go over any additional questions you might have.

 

As members of Guaranteed Funeral Deposits of Canada (Fraternal) "GFD" we can offer a number of ways to invest your money.
Trusting Your funds can be held in TRUST with GFD.

 A Trust Fund is an investment managed on behalf of someone.
To date, Trusting has been the traditional means of funding prearranged funeral service contracts.   GFD was first in Canada to specialize in preplanned prepaid funerals, and looking after these accounts is all we do.  Trusting is simple, easy and very straightforward.  You pay the Funeral Establishment todays prearranged contract price which then gets invested in a vehicle that complies with Provincial Legislation at an interest rate that will cover the cost of providing your service at time of need.

Trust Funds are invested into individual accounts in the name of the beneficiary (the person for whom the funeral is for).  Each account is CDIC insured to a maximum of $100,000.

Trusting Has Flexible Payment Options: You can make a single payment or take advantage of GFDs time payment option.

The money you invest for a funeral today is GUARANTEED and PROTECTED thanks to Guaranteed Funeral Deposits of Canada (Fraternal), GFD.

  


 GFP (Guaranteed Funeral Plan) is a group insurance product. When you pay for your funeral in a single lump sum payment, you qualify for a discount based on your age at the time of the purchase. If you pay in a lump sum, your funeral is fully and immediately covered. You may also pay in installments over the course of several years.During the first two years your death benefit will be what you paid so far with 10 % interest. After two years, the death benefit is the full funeral amount.

When you purchase a GFP plan, you are eligible to enroll in the World Wide Travel Plan tm. Your WWTP is effective immediately even if you are paying your funeral in installments. If death should occur while out of the country or just 100 kilometers or more out of town (60 Miles) the plan covers all the expenses to transport the deceased to the funeral establishment where the arrangements are made. If the Participant is traveling alone, transportation and reasonable travel expenses for the next of kin to go to the location of death and accompany the deceased back home.

The following is a summary of benefits of GFP:

Discount based on your age
Funding flexibilityPay over the course of 1, 3, 5 or 10 years
Pay monthly, quarterly, semi-annually
Tax-free benefits
World Wide Travel
Joint coverage optionPlan can be cancelled within the first 30 days
Plan is portable should you move


The following is a summary of benefits of GFPA:

 GFPA (Growth Funeral Plan Annuity) is a deferred annuity product offered by a select group of Funeral Homes that are members of Guaranteed Funeral Deposits of Canada Fraternal.

It offers payment flexibility and peace of mind. If you pay in a lump sum your funeral is fully and immediately covered. If you pay in installments, your death benefit will be what you have paid so far with interest.

The growth in your death benefit is tax-free because your plan is an eligible Funeral Arrangement. If the death benefit exceeds the funeral price on the funeral you planned, the excess at time of need is paid tax-free to your beneficiary.

When you purchase a GFPA plan you are eligible to enroll in the World Wide Travel Plan. It goes into effect immediately even if you are paying your funeral in installments. If death should occur while out of the country or just 100 kilometers or more out of town (60 Miles) the plan covers all the expenses to transport the deceased to the funeral establishment where the arrangements are made.

Funding flexibility
Pay in one lump sum
Pay over the course of one, three, five or ten years
Pay monthly, quarterly, semi-annually
Tax-free benefits
World Wide Travel Plan
Joint Coverage option
Plan can be cancelled without penalty
Plan is portable should you move