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Use Caution When Prepaying for Funerals and Hearses

January 28, 2009 | | Comments 0

At first thought, prepaid funerals may seem like a great idea. However, there is very little information about prepaying for your funeral expenses and there are many things that can go wrong. If you plan on prepaying for your funeral and hearses, here are some questions you should ask your funeral provider before making your final decision.

1. How will the money be invested? Will it go into a state-recognized funeral trust or will you invest it in an insurance company?

2. How much of my money will be invested for my funeral expenses and how much do you keep to pay commissions for the directors and the cemetery? Ideally, you want the funeral director to invest 100 percent of your funeral money.

3. If I transfer my funeral to another facility, will I still receive the full benefit that I’ve paid for? You want to have this option in case you change your mind or in case something happens to the funeral home you’ve already paid.

You can plan every detail of your funeral down to the number of funeral cars you want in the procession, but be sure you read the fine print when prepaying your expenses. If you don’t, you may be signing your money away.

Filed Under: Funeral Cars

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