Preneed
I think it is a pretty well established fact that if a funeral home can get families to talk about what they want to have done at their eventual death the funeral home has a much better chance to pre-arrange that family into some type of financial arrangements to be used at the…
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It’s been less than a month since a partnership of Homesteaders Life and private equity firm Birch Hill Partners announced their intention to acquire 100% of public funeral home and cemetery operator Park Lawn Corporation. As a matter of fact we are still about three weeks out from the July 29 stockholder vote…
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It was announced in this press release yesterday from Global Atlantic Financial Group (Global Atlantic) that the company had formed a partnership with the largest provider of funeral, cemetery, and cremation services in North America, Service Corporation International (SCI). Announced in the press release as a “10-year partnership, Global Atlantic says it…
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Homesteaders Life Insurance Company of Iowa has been in the news a lot lately. The preneed company that issued its first policy for final expenses in 1906 most recently announced in this press release that they have formed a partnership with Gather’s case management platform. According to the press release, “The new…
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Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on how SCI delivered on their preneed funding. In essence, concerning preneed sold through SCI’s Neptune and Trident locations in…
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During this week I read two articles and when I did I wondered how the subject of each might affect funeral homes and the funeral business going forward. The articles included this one from Reuters titled “U.S. banks report weaker loan demand, Fed survey says” and this article from Morningstar titled “U.S. consumers…
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When it comes to technology I am a confessed “Novice”. And personally, with Social Media I am pretty quiet too. . . . or maybe my life is dull enough that none of it deserves to be shouted from the rooftops on all the “sharing’ sites. However, from having Funeral Director Daily…
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Last week Funeral Director Daily published this article titled “Know your customer — How’s their credit”. That article delved into the American consumer credit profiles and why, before extending credit, you needed to know the consumer you are dealing with. . . and how difficult that is in today’s market. The article…
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The American economy keeps spending, yet we hear that families are getting squeezed by the combination of high prices and high interest rates. We also hear that high interest rates don’t seem to be stopping the consumer which in turn would put a turn-down on the economy making a reason for lowering interest…
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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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