Irrevocable Burial Contract – Policy Interpretation Change

There has been a policy INTERPRETATION change as to the amount that can be in the Irrevocable Burial Contract

Resource – Irrevocable Burial Contract

Oklahoma law provides that a purchaser (buyer) of a prepaid funeral contract may elect to make the contract irrevocable. For an irrevocable burial contract to be valid, the election to make it irrevocable must be made by the purchaser or the purchaser’s guardian or individual with power of attorney. **The irrevocable contract shall not be […]