Preneed
CUNA Mutual Group announced last week in this press release that it intends to acquire the preneed funeral business of global conglomerate Assurant. We told you late last year, in this article, that Assurant was expected to move on from the preneed business as it concentrated on other business elements. The reported purchase price by…
Read MoreThis article picks up on yesterday’s discussion of what could happen as more crematories are built expanding the supply of crematories in the United States. Yesterday’s discussion then went to the thought process and question of, “Will this excess capacity in cremation move cremation to a lower and lower retail cost as death care companies…
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Three months ago in December 2020 Funeral Director Daily told you of a program Wilbert would be offering to death care professionals that would help those professionals keep up with their Continuing Education Units (CEU) at the end of the year. We concluded that it was a great venture by Wilbert that would be really…
Read MoreFuneral home owners, cemetery operators, preneed professionals. We’re the experts in the death care profession. We know the business, we understand the clientele, and we know what is good for everybody. Or do we? I’m guessing that is somewhat how the buggy whip manufacturers, horse livery operators, and sales reps in that industry thought of…
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Worldwide insurance conglomerate Assurant reported both its 4Q 2020 and its Full Year 2020 results last week. The company reports in three distinctive segments — Global Housing, Global Lifestyle, and Global Preneed. The total Earned Premiums of the entire company for the Full Year 2020 combined to $9.52 billion which is a better than 2%…
Read MoreAccording to this article National Guardian Life (NGL), a mainstay in the funeral preneed insurance market, has announced that it has acquired the company Everplans. Everplans is described in the article as a digital life planning company that “helps consumers store, organize and share important documents online, and helps users get started with estate planning.”…
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New York United States Congresswoman Alexandria Ocasio-Cortez announced last week that it is her belief that consumer funeral cost relief is part of the $900 billion COVID-19 relief bill passed by both houses of congress and signed into law by President Trump in December. Here’s what Congresswoman Ocasio-Cortez says in this article from Business Insider, …
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Funeral Director Daily has a few readers in the English speaking parts of the world outside of North America. We have followers in Great Britain, Australia, and New Zealand. However, it is not too often that we get news from those regions. Today, we are bringing you three articles from various parts of the world.…
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Some trends become tidal waves. This article from Great Britain insurer SunLife takes into account what they saw in 2020 as reported in their “Cost of Dying” report. You can access the company’s synopsis of the Great Britain death care market here. One of the findings, which is more than likely pandemic induced, but also…
Read MoreI read this article from Yahoo Finance today entitled “The Economic Chart of the Year“. It is an interesting short read and you will learn something from reading it. Like I always try to do. . . I tried to reflect on how my actions have contributed to the articles conclusion and also tried to…
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