Prepaid funeral plans can be a R.I.P.-off

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Chicago Tribune
January 20, 2013

By Eleanor Laise, Kiplinger Personal Finance, Premium Health News Service

Tom Waggener remembers how pleased his parents were when they told him 15 years ago that they'd prepaid for their own funerals.

"It was so satisfying to them" to think that their children were relieved of the burden, says Waggener, 65, a retired state employee who lives near Taylorsville, Miss.

But after Waggener's mother died in 2006, the funeral home gave his family a bill for more than $10,000. It attributed the extra cost to a special order for the casket she had chosen, which was no longer in stock.

"It was an unpleasant business," Waggener says. "I really don't think prepaid funerals are a good idea."

Read the full article in  the Chicago Tribune

Last Updated ( Wednesday, 30 January 2013 20:48 )  
Comments (1)
1 Friday, 23 May 2014 15:26
Lori Simpson
My mom prepaid for her funeral in 1992. She just died in April 2014. She paid $5,800. We only had to come up with $250 to cover expenses that had increased to outside sources, (opening the grave, clergy costs, etc) The cost of the funeral today would have been $12,000. So, for us, it turned out to be a wonderful service.

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