You may select one of three ways to pre-pay for a funeral:
All funds are placed in a special interest-bearing account; a copy is submitted to either West Virginia or Ohio state officials that monitor these accounts on behalf of the consumer. These accounts can only be used at the time of death and cannot be accessed by the funeral home, family or others until the time of death.
The funds placed into an advanced funeral plan can only be used for your funeral. When you move, the funds can be transferred or assigned to another funeral home.
Some of our plans provide life insurance benefits that are exempt from federal income tax when paid to a named beneficiary. Neither the increasing value of the coverage nor the total benefits paid at the time of death are federal income taxable. However, some of our plans are placed in a funeral trust at the bank. These trusts may have income that is taxable to the named beneficiary. Discuss your options with our advance planning specialists.
Parkersburg, Belpre, Vienna, Williamstown, Mineral Wells, Washington, Vincent, Lubeck, Little Hocking, Coolville and Barlow