1.1 A funeral plan contract is a contract under which a customer makes one or more payments to a funeral plan provider, who subsequently arranges or pays for a funeral upon the death of the customer.
If the insurance company does not have its own form, the funeral home may use the attached Irrevocable Assignment of Policy Ownership form. Fill out the information requested, have the policyowner sign the form before a notary, and submit the form to the insurance company.
Among the funeral documents needed are various basic and fundamental papers like the birth and death certificates of your loved one, their social security card and the cremation or burial forms. You may also need the cremation deed, the military discharge documents and the insurance details, if applicable.
If the insurance company does not have its own form, the funeral home may use the attached Irrevocable Assignment of Policy Ownership form. Fill out the information requested, have the policyowner sign the form before a notary, and submit the form to the insurance company.
The insured needs to either endorse the policy document or make a deed of assignment and register the same with the insurer. A form prescribed by the insurers must be filled and signed. In case of conditional assignment, your reason needs to be mentioned as well.
It will be up to the beneficiary to assign the policy, or a portion thereof, to the funeral home to cover the funeral expenses at the time of death.
Most American funerals take place within one week or less from death. With the help of a funeral home, a week is typically enough time to make arrangements and contact loved ones. Historically, funerals had to take place after just a matter of days, because of decomposition.