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Shopper's Market: Dangers of prepaid funeral plans
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Things to be aware of before buying in
- Duration 1:57
- Date May 18, 2012
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Things to be aware of before buying in
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Paying for your own funeral in advance sound like I deal way to spare your survivors from stress and expense.
But a growing number of consumers are finding that these pre any funeral arrangements can't come with unexpected -- And all too often outright fraud including mismanagement -- that have prepaid funds.
There's been a number of allegations in recent years just.
Complaints about everything from.
Sort of petty -- to major fraud in this prepaid funeral contract industry.
And it does seem to be a fairly big industry.
A hodgepodge of state laws -- prepaid funeral arrangements in some states people may not get all their money back if they change their mind about a contract.
But Federal Trade Commission rules require funeral directors to -- itemized prices for goods and services double -- though and.
Read the fine print some country contracts might exclude.
Items like music and flowers and consider those -- extras some consumers have found that.
At a parent's funeral they're handed an additional bill because.
The funeral and sadness.
-- -- casket you -- out of no longer available.
At cheaper alternative to a prepaid funeral contract is to keep -- money under your control.
Seven -- payable on death account with the bank.
Name money -- survivors as beneficiary.
If -- -- paying -- your funeral don't let it be a surprise.
Alert someone about the arrangement review every detail and -- and itemized receipts.
Any -- Brenda Buttner Fox News.