Fox News
Expand
Browse All Video
Watch Live

You're watching...

Shopper's Market: Dangers of prepaid funeral plans

Details

  • Description

    Things to be aware of before buying in

  • Duration 1:57
  • Date

Clips

Also in this playlist...

Latest Business

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Paying for your own funeral -- advance and like I deal way to -- your survivors from stress and expense.

But a growing number of consumers are finding that these -- any funeral arrangements can't come with unexpected -- And all too often outright fraud including mismanagement or -- that a 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 -- handed an additional bill because.

The funeral and sadness.

-- the casket you pick out of no longer available.

At cheaper alternative to a prepaid funeral contract is to keep -- money under your control.

Set and -- payable on -- account with the bank.

Name -- -- your survivors -- beneficiary.

If you're prepaying 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.

Load More