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But the details matter, and the industry does not always make them A prepaid plan like the ones described above can be a convenient and reassuring way to spare your family some measure of emotional stress when the time comes: The big decisions about Understand how to preplan a funeral, compare prepaid plans vs insurance, and ask key questions about costs, refunds, portability, and protecting A prepaid agreement, asserts the BBB; consists of a contract and a funding mechanism to pay for the funeral or burial plan. 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