Preneed

Preneed company and Live Oak Bank announce partnership

By Funeral Director Daily / March 24, 2022 /

American Enterprise Group (AEG), parent company of preneed insurer Great Western Insurance Company (GWIC) and innovative financial lender Live Oak Bank have announced a partnership that will make it possible for funeral home and cemetery business owners to access up to $20 million in capital.  A recent press release on the strategic partnership announced that…

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Ohio cemeteries, funeral homes spar over “trusting” requirement

By Funeral Director Daily / March 23, 2022 /

Ohio Senate Bill 224 will make over a dozen changes to the state’s funeral and burial laws according to this article from Cleveland.com.  The bill will do such mundane things as increasing the price to reactivate a funeral director’s license and it will also establish a more formal process for families to collect money from…

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Can you make inflation work for you

By Funeral Director Daily / March 22, 2022 /

I recently read an article from Yahoo Finance written by Andy Serwer that asks the interesting question, “(Is) inflation the business opportunity of a lifetime?”  You can read that article here. Serwer explains that after almost fifty years of very low static inflation that we may be in for a much higher rate for the…

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Catholic Cemeteries of NE Kansas partner with funeral homes to offer valuable services

By Funeral Director Daily / March 11, 2022 /

Less than a month ago Funeral Director Daily published this article that questioned if the days of funeral homes and cemeteries helping each other are over.  That article questioned the competitive nature of each entity that now sold products historically affiliated with the other entity as a way of “full service shopping” for death care…

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InvoCare returns to profitability through pets and pre-need

By Funeral Director Daily / March 10, 2022 /

Australia’s largest provider of death care services, InvoCare, issued a statement on their 2021 Year End results last week.  In that statement they announced that they had returned to profitability with an after-tax profit of AUS $ 80.2 million (US$ 57.2 million) after going through the drastic Australian lock-down year of 2020 with a loss…

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Is it possible to “Over-Regulate”?

By Funeral Director Daily / March 3, 2022 /

I’m a big believer in playing by the rules and also a believer that rules and regulations are necessary in order to live in an organized society.  I’m also one of those Americans who believes in the process of “Self-Reliance” and “Self-Determination” and sometimes think that “Regulations” can hinder one’s ability to be the “Best…

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Life insurers see huge claims, how’s your Preneed company?

By Funeral Director Daily / February 11, 2022 /

I’m a licensed health and life insurance agent.  I received my license and started a Preneed Funeral insurance agency back when Minnesota first allowed funeral directors to do so in the 1990’s.  It was a boon to our business as we could now write Preneed policies and receive a commission on them.  Our funeral home…

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The Arrangement and Preneed Conferences

By Funeral Director Daily / February 4, 2022 /

I’ve been out of active funeral directing for the past eight years.  And, I won’t apologize for it, but I’m a traditionalist when it comes to funeral service.  That means I still believe in the value of the public acknowledgement of death, the tradition of a service or celebration of life, and the idea of…

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How do you collect cash and control receivables

By Funeral Director Daily / January 26, 2022 /

I came across this article entitled “Lending USA introduces FastScreen, a New Tool for Pre-Loan Qualification for Funeral Home Merchants” and it reminded me of the struggles I had over the years about implementation of tougher credit policies on client families.  The age old “push-pull” credit decision is that you don’t want to make it…

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Do you have the “Long View” in customer acquisition?

By Funeral Director Daily / January 5, 2022 /

Every day funeral directors and funeral home owners work hard and diligently in taking care of the families that they are entrusted to serve.  Sometimes it is a matter of just finishing with one family when the phone rings again and the funeral director/funeral home owner starts the cycle all over again. As your business…

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