Preneed

Illinois funeral director sentenced for preneed irregularities
Preneed Regulations

Illinois funeral director sentenced for preneed irregularities

We received a couple of articles out of Springfield, Illinois, today concerning a southern Illinois funeral director who has been sentenced to prison for his role in failing to deposit payments for preneed funeral services. You can read about the case in these articles from WGN Web and from KFVS 12.  According to the articles, in addition to a prison sentence a fine of $25,000 was also imposed as was restitution to the victims. Illinois State Comptroller Susan Mendoza is […]

Social help in funeral costs
Business Preneed

Social help in funeral costs

Virtually all funeral homes in the United States are profit driven.  I’m aware of one funeral home in Minnesota — in New Ulm — which is a cooperative community based funeral home.  You can see their web-site here. However, I’m guessing that over 99% of funeral homes in North America are profit driven enterprises.   Today, however, we are starting to see socially conscious not-for-profit death care establishments turn up in Australia and Scotland that may someday put a dent in […]

Preneed:  Do you know your competitors?
Preneed

Preneed: Do you know your competitors?

I’ve been involved in the funeral business long enough to see the State of Minnesota move, in what I consider a more consumer friendly way, in respect to the business of preneed.  I can go back to the 1980’s when we were only allowed to put a consumer’s designated funeral funds into a bank guaranteed certificate of deposit. I’ve seen the preneed movement in our state then go to insurance sold by designated agents not affiliated with funeral homes to, […]

From the Veterans Day file
Business Cemetery Preneed

From the Veterans Day file

Yesterday was Veteran’s Day across the United States and we noticed a couple of funeral related items that we thought we would pass on to our readers. First of all, we noticed how Service Corporation International’ s Dignity Memorial location in Western Michigan received some really good attention on a television talk show about pre-planning options for veterans.  You can see the video here.  This is great publicity and public information. We just think it is great marketing by the […]

Assurant reports 3rd Quarter 2019
Finance Preneed

Assurant reports 3rd Quarter 2019

Assurant is a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases.  In relation to the death care industry they are a provider of pre-need or what they call “pre-funded funeral insurance”.  Assurant is a Fortune 500 company with a presence in 21 countries. They recently reported their 3rd Quarter results for 2019 and you can see them here.  In those results they reported $104.8 million of operating income of which $7.4 million […]

Funeral homes and the law
Preneed

Funeral homes and the law

Every once in a while we hear stories of funeral homes being investigated for acts that would be contrary to the laws of their respective states.  This weekend we happened to notice two such articles in newspapers that dealt with funeral homes potentially running afoul of the preneed laws of their state. The first article deals with a cease and desist order for an Iowa funeral director and two funeral homes that had been under his jurisdiction.  This is an […]

United Kingdom insurer, DeadHappy, plans move to death care ideas
Preneed

United Kingdom insurer, DeadHappy, plans move to death care ideas

DeadHappy, the United Kingdoms technical insurance startup that recently received about US $ 5 million in Series A funding, announced in this  article from Techcrunch, that they hope to get more involved in the wishes of their insured, including making sure that your funeral is the way you want it. The company was founded in 2017 and claims to be the United Kingdom’s first fully digital pay-as you-go life insurance provider.  According to the Techcrunch article that means that their […]

Does more money = more services??
Business Preneed

Does more money = more services??

It’s a habit that I just can’t seem to let go of.  I’m just business oriented and when I read something I have this habit of taking the information and transforming it into how it may or may not affect the business that I am in.  As some of you know, I’m an early investor in a nationally growing food delivery business and just the other day the State of California noted that they will be looking to move some […]

Crowdfunding continues to grow for funeral expenses
Preneed

Crowdfunding continues to grow for funeral expenses

I came across this article the other day about the rise of crowdfunding to pay for funerals.  Now, this is not the first time we have written about this subject, but this article is interesting because it points out some statistics and trends behind this phenomena.   The article is a public relations article about the attributes of owning life insurance, but it is very relative to our industry in that I believe that there is a direct correlation between what […]

Moving potential clients up the ladder
Business Preneed

Moving potential clients up the ladder

We’ve all been targets of other businesses.  Have you ever received a printed piece of mail for something?  As you surf the internet are certain ads continuing to come up on the pages you go to?  If that has happened to you. . then you have been targeted. I first really noticed the targeting concept on my computer about 8 years ago after I had priced out a Carnival Cruise vacation for our family.  I had not purchased anything but […]