Is The Price Of Merchandise And Services That Have Been Pre-Purchased Guaranteed Against Inflation?
The answer to this question depends on the funding option you select. Money placed into your own savings account for this eventuality does not have inflation protection. Some insurance policies pay a fixed death benefit that does not increase with inflation. Some policies do increase the amount they pay every year, but this increase may or may not be equal to the inflation rate. Trust accounts are either guaranteed or not guaranteed. Both types of arrangements are commonly offered. It is also important to determine whether or not the funeral home or cemetery guarantees the price of its services. Some do and some do not.
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