6/4/2017 0 Comments How to Protect Your MoneyJohnson Brown-Service Funeral Homes in Valley and Lanett stand ready to assist you in preplanning a personalized funeral service, celebration of life, or cremation. We encourage all of our families to consider the following when deciding it is time to pre-pay your services. These questions may help you avoid any potential financial pitfalls and also dispel any misleading information. Consider the reputation, longevity and stability of the funeral home in the community. Financial stability is typically congruent with firms with established reputations and longevity. How large, in terms of dollars, are managed by the trust or institution protecting your assets? Is the funeral home authorized by the Alabama State Department of Insurance to actively engage in selling pre-arranged funerals? Do your due diligence and reach out to the Alabama Department of Insurance Preneed Division to inquire about a firm's compliance - (334)240-4420. Are the directors knowledgeable of the state laws regarding pre-paid funerals? What does the funeral home do with your money once they receive it? Does the funeral home place 100% of your money into an approved trust or what method of funding is used? Do they keep any portion of your money for administrative or compensation costs? Do they guarantee the cost of your funeral when the contract is paid in full? Are there any hidden fees such as finance fees, interest expenses, or administrative processing fees? What happens if the funeral home closes and or files for bankruptcy protection? These are all important questions that all consumers should ask any funeral home before you decide to pre-pay for your services and or funeral. Johnson Brown-Service Funeral Homes specializes in preplanning. Call us today and we can answer any questions you may have. (334)768-2141
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