A Guaranteed Contract for Prepaid Preneed Funeral Merchandise and Services - Oklahoma

A Guaranteed Contract for Prepaid Preneed Funeral Merchandise and Services is a legal document that was released by the Oklahoma Insurance Department - a government authority operating within Oklahoma.

FAQ

Q: What is a prepaid preneed funeral contract?
A: A prepaid preneed funeral contract is an agreement to pay for funeral merchandise and services in advance.

Q: What does a guaranteed contract mean?
A: A guaranteed contract means that the funeral home guarantees to provide the merchandise and services specified in the contract, regardless of future price increases.

Q: Is a prepaid preneed funeral contract legally binding in Oklahoma?
A: Yes, prepaid preneed funeral contracts are governed by the Oklahoma Funeral and Cemetery Act and are legally binding.

Q: Can I cancel a prepaid preneed funeral contract?
A: Yes, you can cancel a prepaid preneed funeral contract within a certain timeframe and receive a refund.

Q: What happens if the funeral home goes out of business?
A: If the funeral home goes out of business, the Oklahoma State Board of Embalmers and Funeral Directors may provide reimbursement from the Preneed Guaranty Fund.

Q: Can I transfer my prepaid preneed funeral contract to another funeral home?
A: Yes, you can transfer your prepaid preneed funeral contract to another funeral home as long as certain conditions are met.

Q: What should I consider before entering into a prepaid preneed funeral contract?
A: Before entering into a prepaid preneed funeral contract, you should consider factors such as the funeral home's reputation, pricing, and cancellation policies.

Q: Is it necessary to have a prepaid preneed funeral contract?
A: Having a prepaid preneed funeral contract is a personal choice, but it can provide peace of mind and relieve financial burden for your loved ones.