What is a contract for future funeral services that cannot be terminated prior to death called?

A contract for future funeral services that cannot be terminated prior to death is known as an irrevocable contract. This type of agreement is designed to secure certain funeral services and prices for a consumer in advance, ensuring that the terms cannot be altered or canceled once the individual passes away.

The concept of an irrevocable contract is essential in the context of funeral planning, as it provides reassurance to both the individual and their family regarding the arrangements and costs associated with the funeral services. This means that once the contract is signed, families cannot change their minds without significant implications, which often includes financial penalties or forfeiture of prepaid amounts.

In contrast, a revocable contract allows the consumer to make changes or terminate the agreement prior to death, which would not offer the same level of security as irrevocable contracts. Flexible arrangements and binding agreements, while they might sound similar, do not specifically denote the inability to terminate prior to death in the context of funeral services. Thus, an irrevocable contract is the accurate term that captures the essence of such agreements in the context of funeral services.