What is the difference between a Trust Account and a Pre-Need Insurance Policy?
A. The Pre-Need Insurance Market is highly competitive and is providing more and more services and benefits to the consumer through growth of the product, the immediate increase of value to the product, and making pre-need insurance consumer friendly. Most Pre-Need Products offer a better growth rate than a traditional “Certificate of Deposit” or “Trust Account” and do not have the tax consequences (liability) that the earned income has through a CD. Please contact this funeral home or the funeral home of your choice, should you desire more information on Pre-Planning.
Related Questions
- Why is it better to have an irrevocable life insurance trust purchase alife insurance policy on the donor, rather than have the heirs themselves own a permanent life insurance policy with the premium paid by the heirs with gifts by the now- living donor?
- Whats the difference between a General and a Dedicated trust account in WiSACWIS?
- What is the difference between my insurance policy and a funeral trust?
