What is NOT a condition of a preneed contract?

A preneed contract typically outlines the arrangements made for funeral services before the need arises, and it often includes various conditions regarding the payment and management of those services. The notion of a full refund upon request is generally not a standard component of preneed contracts. While some contracts may include refund policies, they often come with stipulations or conditions, such as a time frame for requesting a refund or fees that may be deducted.

In contrast, preneed contracts usually have conditions such as irrevocability, meaning the contract cannot be altered or canceled without significant consequences, and provisions regarding the transfer of personal property to ensure that specific items are included in the arrangements. Financial assistance from third parties can also be a part of a preneed contract, but it is not a universal condition and does not have the same regulatory implications as the conditions mentioned.

Thus, the correct choice aligns with the understanding that a full refund upon request is not a common or guaranteed aspect of preneed contracts, distinguishing it from the other options that reflect typical conditions found in such contracts.