prepaid funerals

Will Prelude be the product?

By Funeral Director Daily / March 8, 2024 /

      I’m always searching the web for things that might be tied in to the funeral/cremation or greater Death Care business world.  Just the other day I came across a website for a company in the preneed arena which has a home page that states, “The Promise of Preneed“.   The company is…

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“Preneed” or “Funeral Contribution Funds”

By Funeral Director Daily / March 4, 2024 /

    There is an old saying that goes, “You can lead a horse to water, but you cannot make him drink”.  I think that the meaning of that phrase, in human terms is something like this, “You can tell a person the situation, but you cannot make them act on it”.   In my…

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Homesteaders offers Preneed Motivators Report

By Funeral Director Daily / January 18, 2024 /

    According to a recent e-mail that I received, the Homesteaders “Preneed Motivators Report” is available to be downloaded free of charge.  This report is the 7th edition of data gathered from Homesteaders policyholders and will give you key information on what motivates consumers to purchase preneed funeral and cremation policies.   According to…

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Preneed Update: Wellabe goes to Michigan, Homesteaders raises growth rates, FDLIC podcast reflects on lessons learned

By Funeral Director Daily / January 3, 2024 /

It was only a couple of short months ago that Michigan Governor Gretchen Whitmer signed a new bill into law which allowed for less regulation in the preneed insurance business in that state.  Proponents had argued that unless there was more freedom in how preneed companies controlled their growth rates more and more companies would…

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It has to work for everyone

By Funeral Director Daily / November 16, 2023 /

Over my lifetime I’ve learned that if something can work for everyone involved it’s probably a good thing.  Getting “it” to work out for everyone is probably one of the problems we have with health insurance. . . . something that might work for the physicans maybe doesn’t work for hospitals or maybe something that…

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Podcast: Talking funeral plans with Avalon Funeral Plans

By Funeral Director Daily / September 27, 2023 /

  Prior to the July 2022 regulations put into place by the Financial Conduct Authority (FCA) in Great Britain there was little in the form of regulation for Preneed funeral plans in that country.  Preneed can be done a little differently than in the USA in Great Britain, but there is much to be learned…

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Paying for your funeral with your HSA. Why not?

By Funeral Director Daily / August 23, 2023 /

  Last December I was welcomed into the world of Medicare.  Prior to that I had either had my health insurance paid for by the business I was working for or, since I sold our funeral home, paid for it out of my own pocket on an individual plan basis.  Quite frankly, Medicare and its…

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Does dementia reduce “funeral spend”

By Funeral Director Daily / August 11, 2023 /

    “Out of sight, out of mind”.   That’s a refrain I’ve heard often.  Generally, it refers to when you have not seen somebody or something for a length of time then that person or that thing falls out of your thought process.  It’s common sense and it happens.   At Funeral Director Daily…

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End-of-Life “Purpose” insurance seems to be moving toward Pre-Need

By Funeral Director Daily / July 27, 2023 /

    When you think of End-of-Life “Purpose” insurance there are two basic types.  First, there is Pre-Need which is generally sold by funeral or cremation providers with the death benefit proceeds going directly to those providers to pay for services that have been pre-planned by the purchasers or their caretakers.   Then there is…

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Another argument for Preneed. . . .

By Funeral Director Daily / July 13, 2023 /

      Americans are taking a loan, early withdrawal, or hardship withdrawal from their retirement plans at record rates according to this article from Yahoo Finance.  And, one of the top reasons why, according to the survey, is to pay for a funeral.   According to the survey released by by the non-profit Transamerica…

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