I was discussing funeral plans with a guy who has a policy in Spain.
He said the sums were guaranteed. I thought it was more likely to be guaranteed, as long as the company existed.
He believed that the guaranteed sums were deposited in a bank account, which was independent from the service providers.
I wonder which is correct ?
PS. Although a bit off thread. From experience when I buried a brother, shopping around for a funeral makes just as much sense as shopping around for anything else. In my case, I got three quotes, and we had the same funeral for literally half the price I was given by the first funeral director.