Kelly B Protects Me
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We educate families and entrepreneurs on the most current life insurance products, living benefits, and safe money strategies that allow them to protect their income and profits from wealth killers, and design a retirement lifestyle of monthly PAYchecks.
07/05/2022
If you type in the word "funeral" into any crowdfunding site, the results may surprise you. According The New York Times, on the GoFundMe site alone, 13% of the campaigns relate to memorials or funerals.
But, it doesn't stop there.
To capitalize on the growing trend in funeral crowdfunding, GoFundMe acquired YouCaring.com — another like-minded platform.
This acquisition is solid proof that people depend on the idea of crowdfunding as a source of income when planning a loved one's memorial, offering a sense of security in the face of unexpected tragedy.
As a result, covering sudden funeral expenses is one of the biggest and fastest growing segments of crowdfunding. But as with life, crowdfunding doesn't offer a guarantee. In fact, it's not uncommon for a crowdfunding campaign to fail or to have people depend on donations that don't ultimately materialize.
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