Non-guaranteed Price Preneed Contract - South Carolina

Non-guaranteed Price Preneed Contract is a legal document that was released by the South Carolina Department of Consumer Affairs - a government authority operating within South Carolina.

FAQ

Q: What is a non-guaranteed price preneed contract?A: A non-guaranteed price preneed contract is an agreement where the price of a funeral or burial service is established in advance, but there is no guarantee that the agreed-upon price will cover all costs at the time of need.

Q: What is the purpose of a non-guaranteed price preneed contract?A: The purpose of a non-guaranteed price preneed contract is to allow individuals to plan and pay for their funeral or burial arrangements in advance, providing peace of mind and potentially saving money by locking in current prices.

Q: Are non-guaranteed price preneed contracts common in South Carolina?A: Yes, non-guaranteed price preneed contracts are commonly offered in South Carolina as an option for individuals who wish to plan and fund their funeral or burial services in advance.

Q: What should I consider before entering into a non-guaranteed price preneed contract?A: Before entering into a non-guaranteed price preneed contract, you should carefully review the terms and conditions of the contract, including any potential price adjustments, cancellation policies, and transferability provisions.

Q: Can the price of a non-guaranteed price preneed contract increase over time?A: Yes, the price of a non-guaranteed price preneed contract can increase over time due to inflation or other factors. It's important to understand how price adjustments are determined before entering into the contract.

Q: What happens if the cost of the funeral or burial services exceeds the amount paid in a non-guaranteed price preneed contract?A: If the cost of the funeral or burial services exceeds the amount paid in a non-guaranteed price preneed contract, the additional expenses will be the responsibility of the deceased's estate or family.

Q: Can a non-guaranteed price preneed contract be transferred to another funeral home or provider?A: The transferability of a non-guaranteed price preneed contract may vary depending on the specific terms outlined in the contract. It's important to review the contract and consult with the provider to understand the transfer options.

Q: What should I do if I have concerns or complaints about a non-guaranteed price preneed contract in South Carolina?A: If you have concerns or complaints about a non-guaranteed price preneed contract in South Carolina, you can contact the South Carolina Department of Consumer Affairs or seek legal advice for further assistance.