If a pre-need agreement is irrevocable, what must be included in the document?

In the context of pre-need agreements, particularly those deemed irrevocable, it is essential that the contract seller's statement is included in the document. This statement serves to clarify the terms and conditions of the agreement, ensuring that the consumer understands their rights and obligations associated with the irrevocable nature of the contract.

An irrevocable pre-need agreement typically means that it cannot be cancelled or modified without restrictions after it has been executed. Thus, having a formal statement from the seller concerning the implications of this agreement is crucial for consumer protection and transparency. It highlights any stipulations regarding the funds, services to be provided, and possible penalties or conditions for changes in the contract.

Including the seller's statement not only serves as a form of protection for the consumer but also reinforces the legal and ethical obligations of the seller, aligning with regulatory standards in the funeral services industry.