Cremation, Preneed

Canada’s Eirene teams with Assurant for online pre-pay option. . more news to know

Foundation Partners why I partnered

Toronto based cremation provider Eirene announced last week in this announcement that they would be teaming up with Assurant Life of Canada (ALOC), an affiliate of Assurant Inc., to allow for Canadians to be able to pre-pay for cremations online as part of their estate planning.  Eirene bills itself, on their website as, “High quality, affordable cremation services”.

Eirene CEO Mallory Greene had this to say according to the press release, “Our partnership with ALOC delivers a solution designed to alleviate the financial burden often associated with traditional funeral arrangements.  Canadians deserve to access trusted, no-pressure, affordable cremation arrangement services as part of their end of life planning. Families can now make their arrangements from the comfort of their own home with confidence and without stress.”

Greene went on to say, “This partnership is part of our continued effort to help Canadians prepare for the future and put their end-of-life plans in place.  We offer Canadians a no-pressure, transparent and simple process that eliminates the paperwork, ongoing coordination, guesswork and other burdens that can come along with funeral planning.”

Finally, the press release goes on to say, “Through the partnership, customers can purchase an ALOC life insurance policy. This affordable policy requires no medical and is a cost-effective, accessible way to ensure end-of-life arrangements are covered. At the time of death, the policy ensures payment for cremation arrangement services, including the transportation of the deceased to the crematorium, the cremation service, government paperwork, and the return of the ashes to the family. With the ALOC insurance policy, consumers can have confidence that they are covered regardless of any future price changes for the service.”

Recently, Assurant, which offers consumer solutions in a world-wide market, announced that its Global Preneed division would be divested and announced that CUMA Mutual Group had agreed to purchase the division.  That transaction is expected to close sometime in 2021.  You can read a recent Funeral Director Daily article about that item here.

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Roosevelt Investments Services free webinar.  The company will be offering a free webinar that will take place on Thursday, April 15, at Noon (Eastern Time).  They will be giving an update on the financial markets with the video call titled, “2021:  The Year of Reopening

According to a press release the seminar will deal with:

  • Covid-19:  The light at the end of the tunnel grows brighter
  • Fiscal Policy:  Short-term support and long term debate
  • Interest Rates:  You can have too much of a good thing

Roosevelt Investments Services is a boutique wealth management firm, located in Midtown Manhattan with 50 years of experience providing comprehensive financial planning and asset management to cemeteries,  funeral homes, and their owners.

You can learn more about this event here.

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Finally, we bring you this informational letter from Clifton Larson Allen.  It is entitled, “PPP Deadline Extended to Continue Aid to Small Businesses.”

Getting kind of caught up and missed by many funeral directors in light of the extended publicity about the FEMA Covid funeral re-imbursement program, was the extension signed by President Biden on March 30 which extended the deadline for the latest Payroll Protection Program from March 31 to May 31. . . an additional 60 days of which the clock is now ticking.

Approved applications can now be submitted by your lender to the SBA through May 31, 2021.

According to the letter, this extension does not allocate any additional funding for the program.  The letter states that $211 billion in loans have been approved through March 28, leaving about $82 billion remaining for allocation to businesses that so qualify.

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