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For most Filipino families, death is something that is always considered taboo or is not discussed openly, especially when there are old folks around. Because of this, there are really few who are preparing for it by investing in a memorial plan or buying a memorial lot. Most are not really comfortable buying a memorial a lot, and some even think it’s absurd.

Generally, people would rather focus on their present living, enjoy life as it is rather than prepare for something as morbid as death. Of course, they would save for their children’s education, maybe plan to buy a house if they don’t have one, or maybe a family car. But a memorial plan? It’s a no-no. The most they could do perhaps is to get a life insurance or a pension plan.

But death comes at the most opportune time, nobody can really prepare for it. When it does come, no sooner will the bereaving family realize the cost of not preparing for such an event. A basic funeral service only would cost from P20,000 to P30,000 nowadays, a simple lawn type memorial lot would amount to at least P300,000. These costs alone makes memorial plan and preparing for it sounds logical.

As they say, death just like taxes is inevitable. And just alike anything that will come certainty, preparing for it does not really make it taboo. Early preparation would spread the costs over time, and when the inevitable time does arrive, those who are left behind would have fewer problems to consider as far funeral expenses is concern. They can spend more time with their love ones during the wake.

Investing in memorial plan is logical after all.

However, experts say investing in it with the plan of selling it at a higher value in the future is not feasible, because they are usually sold at a loss and do not appreciate. Buying a plan if you personally plan to use them in the future makes more sense. Also, this is another form of forced savings which can help an ordinary Juan dela Cruz prepare for a future needs.