What is an irrevocable prearrangement in funeral services?

An irrevocable prearrangement in funeral services refers to a legally binding contract between a consumer and a funeral service provider that cannot be canceled or modified before the individual's death. This arrangement typically involves outlining specific details about funeral services, including preferences for burial or cremation, casket selection, and service details. The primary benefit is that it ensures the person's wishes are honored and that financial arrangements are made in advance, protecting against rising costs.

In contrast, options that suggest a temporary nature, such as a temporary investment plan or a flexible payment plan, do not reflect the permanence associated with an irrevocable prearrangement. Similarly, a non-binding estimate of costs lacks the contractual obligation that characterizes an irrevocable arrangement, providing uncertainty rather than assurance. Therefore, the essence of an irrevocable prearrangement lies in its firm commitment that upholds the decedent's wishes without the possibility of alteration.