Mortuary Administration Quiz 8 Questions and Correct Answers
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Course
Mortuary Administration
Institution
Mortuary Administration
Funeral Arrangement and Direction The arranging and caring for the chronological mortuary activities from the notification of death to the final services rendered for the family
Funeral Arrangements term applied to the completing of the service and financial details of a funeral
Pre-Planned Funer...
Mortuary Administration Quiz 8
Questions and Correct Answers
Funeral Arrangement and Direction ✅The arranging and caring for the chronological
mortuary activities from the notification of death to the final services rendered for the
family
Funeral Arrangements ✅term applied to the completing of the service and financial
details of a funeral
Pre-Planned Funeral Arrangements ✅Funeral arrangements made in advance of need
that do not include provisions for funding or prepayment.
Pre-Funded Funeral Arrangements ✅Funeral arrangements made in advance of need
that include provisions for funding or prepayment
Reasons for making funeral arrangements in advance of need ✅1. Make personal
wishes known to the next of kin
2. Intelligent and informed decisions can be made with less emotion
3. Survivors are relieved of the financial burden in the case of pre-funded arrangements
4. Reduction of assets for Medicaid eligibility in the case of pre-funded arrangements
Revocable Contract ✅A contract which may be terminated by the purchaser at any
time prior to the death of the beneficiary with a refund of the monies paid on the contract
as prescribed by law
Irrevocable Contract ✅A contract for future funeral services which cannot be
terminated or cancelled prior to the death of the beneficiary
Guaranteed Contract ✅One where the funeral home guarantees that the services and
merchandise will be provided at the time of need for an amount not exceeding the
original amount of the contract plus any accruals, regardless of the cost of providing the
services and merchandise at the time of the funeral
Non-Guaranteed Contract ✅One in which the funeral home only agrees that the
amount prepared plus any accruals will be credited to the balance due. However, the
price of the funeral will be whatever the current price is for the services and
merchandise at the time the death occurs
Guaranteed Vs. Non-Guaranteed Contracts ✅1. The majority of the contracts written
are Guaranteed
, 2. Non-Guaranteed contracts are used when the buyer chooses to pay off the
prearranged funeral over a prolonged period of time (i.e. 4-5 years) thus prohibiting the
funeral from investing sufficient funds to keep up with inflationary cost
3. Non-Guaranteed contracts are also used when a buyer chooses to fund the contract
with an insurance product that does not offer a growth component
Location for arrangement conference for pre-funded/pre-planned funerals ✅1. Home:
Refer to FTC "Door to Door Rule"
2. Funeral Home
3. Other Locations
Arrangement Conference for Pre-Funded/Pre-Planned funerals ✅1. Location
2. Presentation and Discussion of service & merchandise choices
3. Explain state and federal regulations regarding pre-funded and pre-planned funerals.
4. Comply with the FTC Funeral Rule (Presentation of pice list, permission to embalm,
and mandatory disclosures)
5. Types of Funding available for pre-funded arrangements (check or confirm local
variations)
Alterations to Pre-Funded Contracts ✅1. Minor changes in merchandise or service will
not affect a guaranteed contract
2. Major changes such as unavailability of services or merchandise may void a
guaranteed contract. Most allow substitution of similar or higher quality services or
merchandise
Third Party Contracts ✅Contract entered into by two parties for the benefit of another
Types of Funding Available for Pre-Funded Arrangements ✅1. Trust Accounts
2. Insurance
3. Savings/Passbook Accounts
Trust Accounts ✅Accounts established by one individual to be held for the benefit of
another; creates a fiduciary responsibility (as a method of payment of funeral
expenses). Money paid to a funeral home for future services is placed in an account
with the funeral home as the trustee for the benefit of another
Individual Trust Account ✅Accounts are Kept Separately
Master Trust Account ✅Funds of individuals are co-mingled. Interest grows better in a
master trust account.
Pre-need Life Insurance ✅An insurance policy whose benefits cover the cost of pre-
determined expenses of a funeral, cremation, or burial. The expenses typically include
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