In terms of preneed contracts, what typically does not guarantee price consistency?

Preneed contracts are agreements that individuals enter into prior to their death to secure funeral services and related items at today’s prices. Among the typical components of these contracts are burial plots, caskets, and specific funeral services, each of which can be pre-purchased to lock in prices and alleviate financial burdens for beneficiaries.

Obituaries, on the other hand, serve as announcements and commemorative notices for individuals who have passed away. They are not included in preneed contracts in a way that guarantees price consistency. The cost of obituaries can vary significantly based on factors such as the publication chosen, the length of the obituary, and any additional features desired (like photographs). These costs are generally not fixed in advance and can change over time depending on the media outlet and other variables. Thus, obituaries do not benefit from the same type of price guarantee that other components of preneed contracts do.

Burial plots, caskets, and funeral services typically have set prices established at the time of the preneed agreement, which helps to ensure that families will not face inflationary costs at the time of need. This makes preneed contracts a strategic financial choice for those looking to manage funeral expenses in advance.