In many instances persons
who pre-arrange a funeral will also wish to take care
of pre-financing at the same time, either for the
entire amount or a portion thereof.
Various state regulatory agencies govern the control
and mandate the requirements for pre-financing a funeral
with a funeral home depending upon the state in which
one resides. Your funeral director is well aware of
the laws governing pre-financing funerals and is the
most suited person to professionally guide you in
this area.
There is a variety of investment products available
in which one may place pre-financed monies. Passbook
accounts, Certificates of Deposit, and trust accounts
are among a banking institutions deposit possibilities.
Today insurance and annuities have also played a significant
part in the pre-need investment market.
Selecting ones funeral in advance, and actually making
the financial commitment for payment, gives a person
the peace of mind that all details at the time of
death will be carried out as previously arranged.
|
