preneed

adjective

pre·​need (ˌ)prē-ˈnēd 

variants or pre-need

: occurring before there is a need

especially : planned prior to death

preneed funeral arrangements

preneed contracts/insurance

Pre-need funeral insurance is whole life insurance that provides funds to pay for the insured's funeral and burial.

—Harriett E. Jones

Word History

First Known Use

1945, in the meaning defined above