What must the seller provide upon cancellation of insurance funded contracts?

Upon cancellation of insurance-funded contracts, the seller is required to provide a written notice to the trustee. This requirement ensures that the appropriate parties are informed of the cancellation, which can have implications for the management of the trust and the funds associated with the insurance policy.

Providing written notice creates a formal record of the cancellation and helps maintain transparency between the seller, the trustee, and any beneficiaries involved. It ensures that all parties are on the same page regarding the status of the insurance policy and the financial arrangements in place. This step is crucial for proper administrative practices in managing funeral pre-arrangements and ensuring that trusts are handled according to legal and ethical standards.

In contrast, while other options may touch on aspects related to insurance policies or the handling of contracts, they do not fulfill the specific legal obligation to notify the trustee in writing upon cancellation of the insurance-funded contract. Hence, the choice that emphasizes written communication to the trustee is the correct and necessary action in this scenario.