Which of the following must be included in a contract funded by life insurance?

The choice regarding the inclusion of details about the insurance agent in a contract funded by life insurance is significant because it ensures clarity and accountability in the agreement. These details provide essential information regarding who is responsible for the life insurance policy and can facilitate communication between the funeral home, the family, and the insurance provider. This is vital since the agent plays a key role in managing the policy, answering questions, and handling any issues that may arise during the execution of the contract.

By including specific information about the insurance agent, the contract becomes more comprehensive, allowing the parties involved to understand the pathway for any potential claims and ensuring that they have a reliable point of contact for assistance. This ultimately helps in maintaining transparency throughout the process.

In contrast, while the funeral home's address, the name of the insurance company, and details about the contract buyer's family may be important for other reasons, they do not provide the same level of direct support and clarity regarding the life insurance aspect of the contract itself.