Inflation has a significant impact on the cost of funerals, just like it does on most other products and services. To ensure that your funeral expenses are fully covered at the current prices, it is advisable to preplan and prefund your final wishes. While some individuals rely on savings or life insurance to cover these expenses, it’s important to note that funerals require upfront payment, and accessing funds from insurance policies or bank accounts may not be immediate. By opting for prefunding, you eliminate the burden of your family having to determine how to pay for the funeral.