When you plan ahead, you will be able to compare the many options available. You will be able to compare the services, the products and the prices among different companies. You will have the opportunity to make an informed decision about your cremation and cemetery arrangements, and the type of memorial you prefer. You will be able to make choices that are meaningful to both you and your family, and you will gain peace of mind knowing your family and friends will be relieved of the emotional and financial burden often associated with making arrangements when a death occurs. In addition, by prefunding your funeral and cemetery services, a guaranteed price contract will allow you to purchase at today’s prices, free from inflationary pressures in the future.
(Source: ICCFA FAQs: http://consumer.iccfa.com/faq)