This course provides a comprehensive look at how pre-need contracts are regulated in Maryland, including who can sell pre-need contracts, the required provisions that must be included, and the requirements for depositing pre-need funds into escrow or trust accounts. It also examines pre-need sellers' disclosure obligations and a buyer's right to terminate the agreement. The course concludes with a chapter on how life insurance and annuity contracts may be used to fund pre-need contracts and when irrevocable trusts can be created.

This course meets Maryland's one-hour pre-need law mandatory course requirement.

Upon completion, students will be able to:

• list the licensees permitted to provide services or merchandise under pre-need contracts in Maryland
• state the terms that must be included in a pre-need contract
• explain the requirements for depositing pre-need contract payments into trust accounts
• discuss what happens when a pre-need contract terminates
• recognize when an irrevocable trust can be used in connection with a pre-need contract
• discuss how a pre-need contract can be funded with life insurance or an annuity
• explain the purpose of the Family Security Trust Fund