Of course, we love that Dave Ramsey is a strong advocate of funeral planning. And we understand why he recommends against pre-paying a funeral home. However, beyond funeral planning, Dion Williams from Legacy of Love offers the convenient and flexible alternative of pre-funding your funeral plans, yet you still maintain control.
Dave Ramsey is a prominent American financial author, radio host, and television personality offering no-nonsense financial guidance valued by millions of Americans. As you can imagine, Dave has been asked multiple times for his stance on funeral planning and funeral pre-paying.
It's pretty clear that Dave Ramsey and Legacy of Love are on the same page regarding why you should plan your funeral in advance.
Not one to mince words, Dave cautions, "If you prepay, it’s a gift to the funeral home." He emphasizes that, if you are in your 30s or 40s, you could take the money you'd pre-pay the funeral home, invest it with normal returns and have over $500,000 by the time you're age 80.
If you're older, Dave does soften his stance on pre-paying. "If you’re in your 60s, like you and me, there aren’t as many years for that money to grow."
Legacy of Love offers an alternative to pre-paying a specific funeral home up front.
Once you've completed your Legacy of Love funeral plan from the comfort of your home (no funeral home visit required), you're given the option of pre-funding the total cost of the service with a pre-need insurance policy or a burial insurance policy. In both cases, you name a family member as the policy beneficiary, not a specific funeral home. This way, if you move or if the funeral provider goes out of business, your plan is portable. Pre-need insurance plans also have built-in inflation protection. There is no medical exam required, just a few questions, so policy approvals are quick—maybe even same day.
Policy payments can be stretched out up to 10 years to address what Dave states in a March 2025 Update4, "Many Americans never have enough savings to pay out-of-pocket for their funeral and final expenses. They don’t make much money in retirement and rely on a pension or social security month after month. There’s no way they can save enough money to take care of a funeral or cremation. We’re talking about millions of people who don’t want to leave their final expenses to their families. Burial insurance… makes a lot of sense for this… part of society."
Financial advice expert Dave Ramsey strongly endorses funeral planning, calling it a gift and a sign of respect and consideration for your family. Ramsey advises against pre-paying a funeral home for your funeral plan—especially if you are in your 30s or 40s. Dion Williams of Legacy of Love offers you the alternative of pre-funding your funeral plan with a portable, flexible pre-need insurance or burial insurance policy to solve the issue of not having enough savings to pay out-of-pocket for a funeral or cremation.
Millions of listeners and viewers trust Dave Ramsey and his guidance on financial matters. Are you ready to follow Dave's advice and pre-plan your funeral? You can get started now from the comfort of your own home and, if needed, have a dedicated counselor like Dion Williams answer questions or collaborate as much or as little as you wish. Call 816-797-7615 or fill out our online form and we'll respond right away.
