Pre-need Individual Annual Statement - Nebraska

Pre-need Individual Annual Statement is a legal document that was released by the Nebraska Department of Insurance - a government authority operating within Nebraska.

FAQ

Q: What is a pre-need individual annual statement?A: A pre-need individual annual statement is a financial report that provides information about a pre-need funeral contract or cemetery merchandise contract.

Q: Who is required to provide a pre-need individual annual statement in Nebraska?A: Funeral providers and cemetery operators who have pre-need contracts with individuals in Nebraska are required to provide a pre-need individual annual statement.

Q: What information is included in a pre-need individual annual statement?A: A pre-need individual annual statement includes information about the amount of money or property received from the contract, the amount of money or property disbursed from the contract, and any remaining balance.

Q: Why is a pre-need individual annual statement required?A: A pre-need individual annual statement is required to provide transparency and protect consumers who have entered into pre-need funeral or cemetery contracts.

Q: How often are pre-need individual annual statements required to be provided?A: Pre-need individual annual statements are required to be provided at least once per year, within 60 days after the end of the calendar year.

Q: What should I do if I don't receive a pre-need individual annual statement?A: If you have a pre-need contract and do not receive an annual statement, you should contact the funeral provider or cemetery operator to request the statement.

Q: What should I do if there are discrepancies or issues with my pre-need individual annual statement?A: If you have discrepancies or issues with your pre-need individual annual statement, you should contact the Nebraska Department of Insurance for assistance.

Q: Are pre-need individual annual statements the same as pre-need trust statements?A: No, pre-need individual annual statements are separate from pre-need trust statements. Pre-need trust statements provide information about the funds held in trust for pre-need funeral or cemetery contracts.