How does pre-arrangement work?
A.You may pre-arrange today for a funeral to be delivered at an unknown date in the future. Your wishes and selections are recorded and kept in a personal file. When death occurs, we can go to your information and determine exactly what is to be done. If you choose to pre-pay for the services and merchandise selected, you pay at today’s price. Your money is then invested in an irrevocable trust that earns interest until death occurs. The trustee then releases the money to the funeral home to pay for the funeral. The funeral home receives from the trust the cost of the funeral on the day it is delivered. For example, if you select a service and merchandise that totals $5,000.00 today, and at the time of death that same service and merchandise totals $5,600.00, the trust would pay $5,600.00 to the funeral home. The payment would consist of the $5,000.00 principal amount plus $600.00 in interest earnings. If there is more money than is needed in the trust to cover inflation, that excess m
