In a preneed contract funded by assignments, what must be disclosed?

In a preneed contract funded by assignments, it is essential to disclose the name and address of each insurance company involved. This transparency is crucial as it informs the purchaser about the entities that will be responsible for honorably fulfilling the terms of the contract at the time of need. It helps ensure that all parties are aware of where the funding is coming from and who will execute the financial aspects related to the funeral services.

Providing this information protects consumers by making the process clear and ensuring that they understand their rights, the financial implications, and who to contact regarding the arrangements. This is particularly important in maintaining trust and accountability within the industry. The other options, while they might carry some relevance in a broader context, do not pertain to the specific requirements set out for preneed contracts funded by assignments in the same way.