Within the examination period, what may the purchaser do concerning an irrevocable preneed contract?

When dealing with an irrevocable preneed contract, the purchaser has specific rights, one of which includes the ability to revoke the decision and receive a refund during the examination period. This protection ensures that consumers have the opportunity to reconsider their decision within a certain timeframe without being bound by the irrevocable nature of the contract.

Typically, this examination period is designed to provide purchasers with the chance to reflect on their agreement, gain a better understanding of the terms, and make informed choices regarding their funeral arrangements. The ability to revoke the decision within this timeframe acknowledges the importance of consumer rights and ensures that individuals are not permanently locked into a contract they may wish to change or cancel shortly after making it.

Other options like requesting a price adjustment, revising contract terms, or selling the contract are generally not permissible actions under the standard terms of an irrevocable preneed contract. These contracts are meant to be stable and reliable commitments regarding future funeral services and are not designed to accommodate frequent changes or transfers, thereby reinforcing the meaning of being "irrevocable."