Pre-Need Contracts Paid in Installments: State Trusting Percentages, Payment Scheduling, and Cancellation Refunds

For a funeral home, pre-need funeral installment payments create two schedules at the same time. The family has a payment schedule—perhaps monthly payments over 12, 24, or 36 months—but the funeral home also has a legal funding schedule.  Each installment may create a trust-deposit or insurance-remittance obligation whose percentage, calculation...