What is required to change the funding type of a preneed contract?

Changing the funding type of a preneed contract requires the consent of the purchaser because they are the individual who entered into the contract and have the legal authority to make decisions regarding its provisions. Consent ensures that the purchaser is fully aware of and agrees to any modifications that could affect how their funds are managed or disbursed for future funeral services.

This requirement protects the rights of the consumer and ensures that any changes align with their wishes and financial planning. Being a fundamental element of contract law, the purchaser's consent safeguards them from potential changes that could be made without their knowledge, allowing them to remain in control of their arrangements.

Understanding this requirement is crucial for funeral directors as it underlines the importance of communication and transparency in managing preneed contracts. By prioritizing the purchaser’s ability to make informed decisions, it fosters trust between the service provider and the clients.