What happens to money I pre-pay if you are no longer in business or you sell your business?

Nearly every person who pre-funds their funeral will ask this question, and rightfully so. It’s wise to know how your money will be invested and what safeguards are in place to protect it for its intended purpose. While our intent is to be personally available to each person pre-arranged with our funeral home, changes sometimes occur beyond our control. We use an insurance policy uniquely designed for the purpose of pre-funding funerals. That money plus the growth remains with the insurance company until services are provided. As the owner of the policy, you always maintain total control of the policy. If the business changes hands, the new owner would be obligated to honor all pre-funded agreements. If the business closed, it would not affect the money you invested in a pre-funded insurance policy. That money would still be there for your future services; however, you would need to choose a different funeral provider.