The deceased' last wishes are recorded and paid for (if they finish the payments).
The survivors don't have to make choices right after the death.
You can get the shopping out of the way ahead of time
The deceased and survivors can share in the decision-making.
Money paid into prepaid funeral plans is excluded when determining Medicaid eligibility.
Since your funeral s paid for in advance, your family won't be subject to rising costs later.
You the ability to decide every detail of your future service.
Disadvantages of Pre Paid Funerals:
The deceased may be stuck with the funeral plot.
It may be difficult to change arrangments
Can be canceled if one monthly payment is late.
Ground care of your plot may deteriorate after you buy
Your payments may exceed a normal burial.
You're paying a finance charge on items you haven't received.
Products are sold "as is."
Maybe non refundable.
May lock you into inflated prices for inferior quality caskets, urns, and services.
May not be transferable if you move.
A refund may be reduced by sales charges as high as 1/3rd.
The company may be out of business by the time the buyer dies.
If your die before the plan is paid for, your agreement may not be honored in full.
Interest may be withdrawn each year by the funeral home as administrative fees.