Funeral Homes selling Preened as an investment are lying. To prepay a funeral today, “LOCKING IN TODAY’S PRICES FOR YOUR FUNERAL TOMORROW” is a lie. The current economic environment in the world makes that statement a falsehood. No Investment vehicle can be guaranteed that since the Wall Street Crash of September 2008.
Firstly, Prepaid funerals or(preneed) has always been a purchase of funeral goods and services.In the past and many times the funds are placed by the funeral home, funeral director or insurance company in a special bank account.
Depending on the pre need Contract and state regulations the funds used to purchase sometimes can be placed in an investment vehicle. The Track record of indivudual funeral homes and others doing this though is not good.
When this has happened there are examples of bad outcomes—the local funeral home in the news, funeral associations(example- IFDA Illinois Funeral Directors Association preneed trust ponzi scheme) and funeral insurance companies(-Example-NPS-National Prearranged Services)
Funeral industry|Funeral News Funeral Blog by Your Funeral Guy