Virginia Preneed Planning

Overview

Many people pre-plan and pre-pay for their funerals to ensure their wishes are met and to avoid burdening loved ones. This course covers Virginia laws on preneed funeral contracts, including trust fund requirements, using funds for life insurance or annuities, consumer protections, contract termination, and rules for sellers.

Find this course for your license

License or Certification

Regulator

Objectives

State the terms that must be included in a preneed contract
Explain the requirements for depositing preneed contract payments into trust accounts
Discuss the process when a preneed contract terminates
Differentiate between guaranteed versus nonguaranteed contract pricing
Discuss how a preneed contract can be funded with life insurance or an annuity
Understand the steps to be taken to protect preneed contract funds when a funeral service establishment goes out of business or is sold to another funeral service establishment
Explain the pre-need professional's role and ethical duties when working with clients

Designed For:

Virginia funeral professionals in all stages of their career

Course Information

Adding additional credit may change exam requirements.

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