Pre-need Contracts (Funeral Industry)

Pre-need Contracts (Funeral Industry)

A pre-need contract is something that people buy before his death. It is a planning tool upon which allows people to direct how they want their funeral was held. A pre-need contract requires payment at the time it is established.

Purpose

The main objective of the contract pre-need funeral is to allow a person to pay for his funeral before he died. The person in charge of the contract with the funeral, and the money you pay is usually placed in the trust account. A person can do this to prevent your family cope with the costs associated with the funeral at the time of his death (www.pollockrandall.com).

Details

Funeral pre-planning is part of the contract before the need for funeral. Pre-planning allows a person to make decisions about your funeral arrangements and the type of music coffin, and the scriptures. This determination relieves the stress of family members of deceased at comforting to make decisions quickly. It also allows the deceased has the kind of funeral you want.

Costs

The funeral cost funeral pre-need contract is based on prices at the time of the agreement. As a result, the price for the funeral is not warranted in some cases. Prices change due to inflation and other cost of living increases. Prices also vary according to the funeral location and types of goods or services. If the contract state is guaranteed, the amount paid covers all expenses, and funeral home cannot ask for more money while serving. If the contract is not guaranteed the payments required at the time of death will be more than the contracted amount. In this case, the family must make arrangements to cover these costs (www.thetimesnews.com).

Payment Options

Some funeral homes require that fees be paid in cash at time of purchase, while others allow customers to use ...