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6 Questions to Ask Before Prepaying for a Funeral, According to the FTC
INFORMATIVE 
Tags: Funerals, Death, money, prepayment
If you're thinking about prepaying for funeral goods and services, it's important to consider these issues before putting down any money:
| | What are you are paying for? Are you buying only merchandise, like a casket and vault, or are you purchasing funeral services as well? |
| | What happens to the money you've prepaid? States have different requirements for handling funds paid for prearranged funeral services. |
| | What happens to the interest income on money that is prepaid and put into a trust account? |
| | Are you protected if the firm you dealt with goes out of business? |
| | Can you cancel the contract and get a full refund if you change your mind? |
| | What happens if you move to a different area or die while away from home? Some prepaid funeral plans can be transferred, but often at an added cost. |
Lister:
Angie
Source:
FTC
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