What is the main feature of a non-guaranteed contract?

A non-guaranteed contract primarily allows for the pricing of services to be determined at the time of death, meaning the amount the family will ultimately pay for funeral services is not fixed in advance. This arrangement can expose the family to potentially higher costs depending on the market and the specific services chosen at that time, as the costs may change between the time the contract is initiated and the time of need.

In contrast, other features found in other types of contracts would potentially assure pricing regardless of market fluctuations or provide options to refund funds at any point, which are not characteristics of a non-guaranteed contract. Non-guaranteed contracts also may not necessarily offer extensive pre-planning options compared to more comprehensive plans that focus on detailed pre-arrangements and payment structures.