Colonial Funeral Home & Crematory

591 Ridgeview Drive
McHenry, Illinois

 

phone: (815) 385-0063
fax: (815) 385-0068
e-mail: colonialmchenry@att.net

Pre-Planning

Colonial Funeral Home offers two ways to pre-pay for funeral services and merchandise.  It allows you to select the services and merchandise you would like for yourself or a loved one.  Payment is made at the time the arrangements are made and the funds are put into a Trust or Life Insurance policy.  Then at the time of death the funds are used to cover the costs of the funeral.  The costs of the services and merchandise sold by the funeral home itself (not 'Cash Advance' items) that are specified in the contract are guaranteed, so at the time of death the costs will be covered by the original contract and payment even if the prices have increased over time.  Essentially, pre-planning allows you to choose the funeral you would like for yourself or a loved one and pay for it now and not leave the funeral arrangements to be decided and payment made at the time of death.

Funeral Life Insurance

Funeral Life Insurance is one way to pre-pay the costs of a funeral.  In this pre-payment option you select all the services and merchandise you desire and pay the costs of your selections at that time.  Those funds paid to the funeral home are put into a Life Insurance policy.  The Life Insurance policy assigns the benefits of the coverage of the policy to the funeral home.  Upon the death of the insured, the funeral home provides the services and merchandise in the contract and the funeral home collects the death benefits from the life insurance policy. 

The Funeral Life Insurance sold by Colonial Funeral Home guarantee the costs of the service and merchandise sold by the funeral home itself that are specified in the contract.  It does not guarantee the costs associated with 'Cash Advance' items which are services and merchandise sold by other vendors, such as newspaper obituary, costs to open and close a grave, certified death certificates, etc. 

Colonial Funeral Home has a State of Illinois licensed Life Insurance Producer on staff to issue life insurance policies.  We offer life insurance from PekinTM Insurance, a life insurance company.

For more information on Funeral Life Insurance, please contact a funeral director at Colonial Funeral Home.
Click on the logo below to go to the PekinTM Insurance website for more information.

Pekin - Funeral Insurance 

  

Burial Trust

A Burial Trust is another way to pre-pay the costs of a funeral.  In this pre-payment option you select all the the services and merchandise you desire and pay the costs of your selections at that time.  Those funds paid to the funeral home are put into a Trust administered by the funeral home to cover the costs of the funeral.  Upon the death of the individual, the funeral home provides the services and merchandise in the contract and the funeral home collects the money in the trust.

Colonial Funeral Home is licensed by the State of Illinois Comptroller's Office to sell Burial Trusts in Illinois.  The Burial Trusts sold by Colonial Funeral Home guarantee the costs of the service and merchandise sold by the funeral home itself that are specified in the contract.  It does not guarantee the costs associated with 'Cash Advance' items which are services and merchandise sold by other vendors, such as newspaper obituary, costs to open and close a grave, certified death certificates, etc.

For more information on Burial Trusts please contact a funeral director at Colonial Funeral Home.
Click on the following links to view information from the State of Illinois Comptroller's Office

State of Illinois Comptroller's Office - Burial Trust Online Information
State of Illinois Comptroller's Office - Consumers Guide for 'Pre-Need Funeral and Burial Purchases'