Since the onset of Covid, the death care industry has experienced an uptick in preneed sales. As witnessed recently on the Bankrate website, the financial planning industry has taken notice. Bankrate is a website that provides comparisons of various financial products, and recently posted an article titled “The pros and cons of funeral trusts
Final Expense Trust
New York Times: Can I Pre-Pay without working with a funeral home?
By Bill Stalter on
The New York Times article on funeral planning blurs the line between pre-paying and pre-funding. The savings accounts discussed by the article are one method of pre-funding funeral costs. But the POD savings account is far less secure than final expense trusts or final expense insurance policies. The concern many consumers have is that the…
New York Times: What if I Move or Die Away from Home?
By Bill Stalter on
This section of the New York Time’s funeral planning article attempts to address two separate issues. The issue of what happens when the consumer moves away is one of portability and whether the preneed contract can be transferred to a new funeral home. As we discussed in our first post on the Times article, certain…