2025 Michigan Mortuary Science Complete Practice Exam

The purpose of the escrow agent requirement in Michigan for funerals is fundamentally to manage funds for prearranged funerals. This requirement is designed to protect consumers who invest in prepaid funeral services by ensuring that their funds are safeguarded and properly allocated. When individuals establish prearrangements for their funeral services, the funds they contribute are typically held in escrow until the time of need, preventing any potential misuse or mismanagement of the money. This oversight adds a layer of security for consumers, allowing them to feel confident that their prearranged plans will be honored. By having a designated escrow agent, all funds are managed in compliance with state regulations, ensuring transparency and accountability in the funeral industry.