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WHAT IS REALLY GOING ON?
Wall Street nearly bankrupted hard working families just a few years ago by taking advantage of consumers.
Now Wall Street is up to their old tricks, praying on families at their most vulnerable time.
Cemeteries are required by law to trust 70% of the monies paid to them. But, by using a legal fiction called “constructive delivery,” pre-burying or storing in a field, some cemeteries are robbing the 70% by taking the cost of the vault and more. While this helps feed the corporate coffers, it leaves consumers with a used vault and little money left in trust. Some companies are using this loophole to take the consumers’ money prior to death.
Rather than trusting the money so that consumers get the product they ordered, they are driving up profits to their stockholders with consumers’ money.
SB 874 closes the Wall Street loophole and protects consumers.
Paid for by Pennsylvania Funeral Directors Association