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D E A D is a Four Letter Word | Funeral Pre-Planner, Kat Downey
Financially there are huge advantages as the future funeral cost is guaranteed. During your lifetime the money invested in a prepaid funeral certificate is held in a guaranteed, insured, and tax-free interest bearing certificate that is in your name. The rate of tax free interest on the certificate is from 2 – 4% depending on your age when the certificate is issued. Funeral Homes do not have access to this money until you die and then the certificate is paid out to the funeral home. After the funeral is paid for, if there is a shortfall the funeral home must absorb the loss. Any residual funds are returned to your estate.