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The Funeral Rule defines and provides parameters in the following key subject areas: [2] Definition of a General Price List, or GPL; Specific disclosures must be provided in writing to the consumer regarding embalming, alternative containers for direct cremation, the basic service fee, the Casket Price List and the Outer Burial Container Price List
Coffins are sometimes referred to as caskets, particularly in American English. Any box in which the dead are buried is a coffin, and while a casket was originally regarded as a box for jewelry, use of the word "casket" in this sense began as a euphemism introduced by the undertaker's trade. [1]
At the time National Casket was the second-largest American manufacturer of caskets. [18] Walco made a large amount of money by buying stakes in other companies that did not want to be associated with the firm and charging them a premium to buy them back. Richmond was imprisoned on fraud charges in 1982. [19]
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Titan Casket was founded in 2016 as a vendor on Amazon by Scott Ginsberg. In 2018, he reached out to co-founders, Joshua Siegel and Elizabeth Siegel, and the three officially launched the company in January 2020. [3] In June 2022, Titan Casket raised $3.5 million in seed-round funding from Reformation Partners. [4] [5]
The industry is experiencing a recent trend toward cremation as opposed to the traditional funeral and burial services due to lower costs and increased value. In 2019, the average cost of a funeral using cremation with a viewing was $5,150, but this does not include the cremation casket, cemetery costs, or urn. [22]
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