What’s required if a preneed contract is canceled?

In Tennessee, preneed contracts can have specific stipulations regarding their cancellation. When a contract is deemed irrevocable, it means that the terms prevent the buyer from canceling or changing the contract once it has been signed. This protection is often put in place to ensure that the funds or services defined within the contract are secure and that the funeral home or provider is committed to honoring the agreement.

The irreversibility of such contracts serves to maintain stability within the funeral services industry, ensuring that planning for funeral expenses remains as fulfilling and predictable as possible. Understanding this distinction is crucial for both consumers and providers in the funeral directing field, as it outlines the expectations surrounding preneed arrangements and protects both parties involved.