What is the fee for a preneed funeral contract?

The fee for a preneed funeral contract in Ohio is typically set at 10 percent of the total contract amount as established by state regulations. This fee compensates the funeral service provider for the administrative costs and services involved in setting up a preneed arrangement, ensuring everything is properly documented and managed in advance of the funeral services. This regulatory framework is designed to protect consumers by ensuring that they are informed about the costs associated with their preneed plans and that funeral directors maintain appropriate standards of service. Therefore, a fee of 10 percent aligns with the legal guidelines that govern preneed contracts in Ohio.