What happens to the funds I pay in advance for the simple cremation plan?
The Neptune Society maintains state-regulated trust funds on an individual state basis. These trusts are used to provide funds for the actual service that is done in the future. The investments are extremely conservative in nature and include whole life insurance guarantees wherever possible. All sales provide for a 30-day free look. This is 10 times the days mandated by the Federal Truth in Lending Act! Our goal is simple: provide the best services to families at a reasonable price.
Telophase maintains state-regulated trust funds on an individual state basis. These trusts are used to provide funds for the actual service that is done in the future. The investments are extremely conservative in nature and include whole life insurance guarantees wherever possible. All sales provide for a 30-day free look. This is 10 times the days mandated by the Federal Truth in Lending Act! Our goal is simple: provide the best services to families at a reasonable price.* *In the state of New York only, funds are held in a New York bank or trust company in a trust account in the name of the Purchaser, payable to Telophase upon the death of the Beneficiary.
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- What happens to the funds I pay in advance for the simple cremation plan?
