If death occurs before the prepaid contract is paid in full, will any additional payment be required?
On a deposit arrangement, any unpaid balance would become due at the time of the funeral. Depending on the type of insurance policy or annuity contract used to fund the prepaid funeral contract, expenses may not be paid in full. If you are unsure, question the seller and/or the Texas Department of Banking or the Texas Department of Insurance.
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- If death occurs before the prepaid contract is paid in full, will any additional payments be required?
- If death occurs before the prepaid contract is paid in full, will any additional payment be required?
