D.L. CALARCO FUNERAL HOME, INC. - Pre-Planning: Pre-Plan Information

PrePlan assures:

choice: you choose the funeral you want to mark the end of your life
comfort: you relieve the burden on the people who love you
confidence: your investment is safe in government-insured securities
compliance: your prepaid funeral qualifies for SSI/Medicaid
convenience: you may make your payment directly to the funeral director and you may make additional deposits at any time. Your trust fund is portable to any funeral home in the United States.

PrePlan allows you to make all of your final arrangements - including payment - so that the people who love you won’t have to.

PrePlan makes preplanning simple and safe.

Here’s how it works:

1. You meet with a funeral director who offers PrePlan.

2. You select the funeral and merchandise of your choice.

3. You receive a fully itemized statement and preneed agreement.

4. All preneed agreements are revocable unless you are an applicant for or recipient of SSI/Medicaid benefits.

5. You give the funeral director a check payable to PrePlan...

(5a. If you are SSI/Medicaid eligible, notify your caseworker that you have properly preserved assets for your burial expenses through PrePlan.)

6. The funeral director sends the agreement and the check to PrePlan for immediate deposit.

7. PrePlan funds are placed in FDIC-insured Certificates of Deposit held in a New York financial institution. Each trust fund depositor is insured by the Federal Deposit Insurance Corporation to the extent permitted by law.

8. You receive a deposit acknowledgment after the account has been opened.

9. At the end of the year, you receive an annual summary statement.

10. Upon completion of your funeral, PrePlan sends the payment to the funeral director.

How PrePlan is Administered:

»Your PrePlan account opens with the deposit of your first payment on the day the PrePlan office receives your contract, social security number certification and payment.

»Your account earns a highly competitive rate of interest, historically passing the rate of inflation. Deposits are made to PrePlan’s time deposit, pooled investment fund. Interest varies with Certificate of Deposit rates.

»You receive annual summary statements of principle and interest and an IRS-required tax information letter for you individual tax reporting. (If you are required to file with the IRS, you must report interest income.)

»Irrevocable accounts comply with Chapter 660 of New York State law for applicants to or recipients of SSI/Medicaid.

»A minimal fee is charged to your PrePlan account for its administration, similar to other investments.

Should SSI or Medicaid be a consideration...don’t worry!
Through PrePlan, you may set aside funds to cover all your funeral expenses before reducing your resources to SSI/Medicaid eligibility levels.

Federal and State Laws:

» permit your PrePlan fund to be excluded from eligibility evaluation

» mandate that all contracts for prefunded funerals executed by Medicaid applicants or recipients be irrevocable. (Without Medicaid considerations, contracts are revocable. Ask your funeral director for more details.)

» mandate that you may change your choice of funeral home at any time.