Preneed or prepaid Product may be funeral cost fraud.
People often say “preneed product” will lock in prices today and save you money on funeral cost. But inflation and the loss of interest on your money are issues. Often funeral directors get paid a monthly commission on prepaid policies.
Often they get a check every month. It is from your funeral cost money. This is a check from your money. It may actually be better for you to get a check. Some people believe that because they have a preneed product it is still their money. This is not the case.
Many folks in Nursing homes have a preneed policy with a funeral director or a company. As time goes on they often lose track as to where the funeral money is. It is important to keep track. But even this may be not enough to stop prepaid fraud on your funeral cost.
This system is proving to be inadequate. National Prearranged Services (-nps, a series of prepaid funeral companies)have had scandals with loss of hundreds of millions across the USA . This is not meant to scare you but even individual funeral directors have run off with money. This is true in almost every state in the country . The legal term for this is fraud.
A funeral directors association has recently lost 40 + million of the folks money do to mismanagement of prepaid funds. This is close to fraud and a high risk situation. This is reported weekly in newspapers.
Now you may simply plan for a lower cost funeral and avoid all this. There are stories of great low cost funerals with how to examples as well. Many of them can be found here in the new book “Rest in Peace” The day of the Funeral Director always ringing twice is becoming a thing of the past .The First time is when he/she tries to get you to prepay your funeral. The second time the Funeral Director rings is at the time Your Loved One Dies.
Not to worry, the low cost funeral is quite doable when you get a few insiders tips .Preplanning your funeral is an important thing to do. Prepaying with preneed is not in your best option. Please do not purchase a preneed policy and risk fraud or loss. What appears to be lowering the average cost of a funeral may actually raise your funeral cost.
More information can be found here:
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Rest in Peace: Insider’s Tips to the Low Cost Less Stress Funeral by R Brian Burkhardt and Matt Bacak. #1 International Best Selling Author Jason Oman also gave thumbs up to this book. This book is published by Morgan James Publishing.
Your Funeral Guy, R Brian Burkhardt, Funeral Director, Author, Blogger, State of Illinois
The “Google Books Search” give a look inside the book.
http://books.google.com/books?q=r+brian+burkhardt&btnG=Search+Books
Be sure to let me know about your lower cost funeral.
