Al Firdous Funeral Home

Trust Fund 

A trust fund is a legal entity that holds property or assets on behalf of another person, group or organization. It is an estate planning tool that keeps your assets in a trust managed by a neutral third party, or trustee. A trust fund can include money, property, stock, a business or a combination.

Pay On Death

With a payable on death account or paid on death account, you name a beneficiary who gets the account when you die—no probate, no hassle. The person you name has no rights to the money until you die, so you can spend it all or change the beneficiary.

Life Insurance 

There two main types of life insurance: whole life and term life insurance.

Whole Life

 • A guaranteed rate of return on cash. 

• A guaranteed cost that will not change and is locked in when you purchase. 

• A death benefit that is guaranteed to last for your “whole life.” 

Term Life  

Term insurance is a type of life insurance policy that provides coverage for a fixed period of time or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, a death benefit will be paid. 

Purchasing a Grave and prepaying the opening. Few cemeteries today allow deed holders to prepay the opening and closing. However when the opportunity presents its self it is wise to do so.