National Prearranged Services 600 mil. Funeral lawsuit-Yourfuneralguy

7 Aug

iStock_000003488156XSmallThe owners of National Prearranged Services (NPS) are facing  a Federal  Lawsuit for 600 million dollars.  The 150,000  funeral accounts are estimated to be worth over 1 billion dollars. The Cassity family based in Missouri were the owners of National Prearranged Services.

State Insurance Guarranty Programs have been paying for these funerals. The lawsuit wants recovery of  funds spent by seven states  paying for the funerals through insurance guaranty, including Illinois and Missouri.

The Missouri Scandal is perhaps the largest pre-need, prepaid, pre-arrangement  insurance scams in the United States.

More on this here:

Funeral Guy Used White Out in multimilion$$ Funeral Crime-YourFuneralGuy

It serves as a strong warning to the consumer: Do not pay for a funeral in advance. This scandal alone is reason not to have peace of mind about it.

This will help you come in under the average cost of a funeral.

From stltoday.com

“A federal lawsuit was filed alleging the Cassity family of St. Louis “preyed on consumers and funeral homes to perpetuate a multimillion-dollar, nationwide scheme from the sale of ‘pre-need’ funeral services and merchandise.”

The suit seeks to recover costs expended by the plaintiffs — seven state insurance guaranty companies, including in Missouri and Illinois, which have stepped into the void to honor most of the pre-need contracts.”

Funeral industry|Funeral Blog by Your Funeral Guy

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One Response to “National Prearranged Services 600 mil. Funeral lawsuit-Yourfuneralguy”

  1. Ricahrd Feight June 9, 2011 at 8:53 am #

    Can’t get any response about my mother’s prepaid crematory policy purchased thru Allegiant Trust Company, Trustee, St. Louis. Policy purchased 6-20-02, #100479. Since she is 92 and time is of the essance, I would appreciate any information as to a Crematory that may except this $500 policy or if it is totally worthless, as the company owners, then I will pursue a service on my own as put this down to a mistake of prepaying. Thanks. R. Feight

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