Memorial Lots: Pre-need vs. At-need

The idea of “discussing death with our loved one” makes people uncomfortable. The thought of preparing for death may sound ghastly and unacceptable to some. But in reality, you have to face it at some point. Preparing and saving up for the inevitable must already be a part of our budget and finances.

When it comes to investing in memorial lots, one must know the difference between pre-need and at-need. In this article, you will know the difference

between the two and why it is important to invest ahead. Pre-need is when you buy a memorial lot in preparation for the inevitable. Some advantages of getting a pre-need plan are getting it cheaper and having more payment options including installment terms. On the other hand, at-need is when you weren’t able to buy a memorial lot beforehand and you will purchase it ‘now’ because of an immediate need of a burial site.

At-need lots are way more expensive than pre-need lots. Most memorial parks impose additional 20 to 50 percent on top of the total contract price and you will also be required to pay in full at least 3 days prior to the interment date.

Buying a memorial lot is much cheaper if you’re going to purchase it way ahead. That way also, you can expect a hefty investment growth in your portfolio due to its high value of appreciation. One good example among numbers of memorial parks in the Philippines that is consistently showing a minimum of 20% growth annually is Golden Haven Memorial Park, Inc. To give you an insight, here’s the price history of one of their branches nationwide, the Golden Haven Cagayan de Oro:

This shows that Golden Haven Lots are very good investment buys. They not only serve as preparation for a future actual use, but they can also be very profitable. Imagine if you have bought a lot for 28,000 and being able to sell it at 95,000, that’s lucrative! Had you placed your money in bank, you would have not profited as much, not even half the amount you’ll get in Golden Haven.

What I appreciate more in Golden

Haven is that they have a very flexible payment term. Clients can avail discounts for spot cash payment and if they want a short-term investment, they can always take advantage of the deferred payment term at 0% interest which is payable for either 12 months or 24 months. Investors who plan to invest more lots can get a lower monthly payment. If you are lucky, you can also get a special promo on easier installment terms like 36-months or 60-months with no or minimal interest. Nowadays, it is very noticeable that some people, especially the elderly, do not want this type of discussion because they feel that investing a memorial lot is preparing for death. Truth is, this should now be part of the norm and must be discussed openly with families to avoid financial problems in the future. You can never avoid death, but you can always plan and manage your finances if you acknowledge it as a necessity. Purchasing a memorial lot ahead is always an advantage, you will have less thing to worry about

if something unexpected occurs. Get yours now. Send us a message and we’ll gladly assist you in your investment.