Funeral Homes may have a permit allowing them to deposit funds paid as a result of a prepaid funeral contract into trust accounts for the purchaser.
For some funeral homes the administration of the trust becomes a burden for funeral home personnel. The states of Texas and Oklahoma have developed an application procedure wherein the trust accounts can be converted into indiviual annuities for the purchaser.
Our companies have an annuity that is approved for that purpose.
Please contact out office if you would like details concerning a conversion.
The State of Texas has developed a web site to help you make informed decisions concerning the purchase of prepaid funeral benefits at http://www.prepaidfunerals.texas.gov/.