__________________ is a generic term that refers to both processes of prearranging and prefunding.

Question

Quizplus · Accepted Answer

Preneed is a commonly used term in the funeral industry that refers to the process of prearranging and prefunding one's own funeral expenses. It includes selecting the type of funeral service, casket, burial or cremation, and other options in advance, as well as paying for these services in advance through various funding options such as insurance policies, trusts, or other financing arrangements. The other choices, such as preinsure, prefinance, preorganize, and prearrange, may also be used in certain contexts, but do not fully capture the meaning of preneed in the funeral industry.

__________________ Is a Generic Term That Refers to Both Processes