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It's 6:42 on Wednesday January 7, 2009

The wrinkles only go where the smiles have been.

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FBI Investigation

Directors, if you receive a letter from the FBI asking you questions about your dealings with National Prearranged Services Inc., and its affiliated insurance companies, Lincoln Memorial Life Insurance Co. and Memorial Services Life Insurance Co., it’s for real.

The FBI is investigating allegations of “corporate misconduct” in the downfall of the company, and doesn’t have the staffing to send agents to every funeral home in 19 of the 43 states where National Prearranged Services did business, so they’ve turned to a written survey. Agents are asking directors about their contracts with National Prearranged Services and any promises that the company may have made.

The company served some 2,600 funeral homes, and had 158,153 active preneed funeral contracts valued at nearly $662 million. NPS was placed into receivership in May of 2008, and ordered liquidated in September.

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