What is the difference between a guaranteed and a non-guaranteed pre-arrangement funeral contract?
A guaranteed pre-arrangement contract means that when services were pre-arranged, the purchaser (you and your family) put %100 of the money, to cover the funeral home’s charges for service and merchandise, into a trust account. The service and merchandise charges would then be guaranteed, at the prices effective the day the contract was signed. Therefore, a guaranteed pre-arrangement contract is not subject to price increases. A non-guaranteed contract is subject to price increases. A trust can be started with any amount of money, and additional funds can be added later.
