What are funeral arrangements made in advance that include provisions for funding called?

Prefunded funeral arrangements refer specifically to funeral plans that individuals set up and pay for in advance, ensuring that the costs of their funeral services are covered before they pass away. This kind of arrangement allows individuals to ease the financial burden on their families and ensures that their preferences are honored after they die.

Through prefunding, the funds are typically placed in a trust or designated account, which accrues interest over time, thereby preserving the value of the amount set aside to keep up with inflation and rising costs of funeral services. This proactive approach is particularly beneficial as it can lock in prices at the time of arrangement, which helps mitigate the impact of future price increases.

The other options relate to various aspects of funeral planning but do not specifically encompass the combination of advanced arrangements and financial provisions in the way prefunded funeral arrangements do. For example, preplanned funeral arrangements typically refer to the planning aspect without necessarily involving monetary provisions. Survivor benefits might offer financial support but do not directly pertain to pre-arrangements. Trust arrangements may manage funds, but they do not specifically imply the advance purchase of funeral services. Thus, prefunded funeral arrangements accurately represent the scenario described in the question.