Not all pre-need funeral plans are portable, if you move to another part of the country. Individually funded plans are very portable and individuals can use them wherever they may die. Trust agreements can be changed, but penalties may be incurred. Life insurance allows the individual to change the beneficiary at any time, therefore, you designate a new funeral home to be the beneficiary, if you move. Plans may be revocable or irrevocable.
Most plans are revocable and can be changed if desired.
An irrevocable plan is a contract that can not be canceled. A major advantage of many pre-need plans is locking in a price with a guarantee. The choice is yours. Eileen Doherty is Executive Director of the Colorado Gerontological Society and Senior Answers and Services. She has worked in the areas of policy, clinical practice and education in gerontology for more than 20 years.