Preneed
In a press release dated today out of Murray, Utah, we learned that the Security National Financial Corporation (SNFC) has closed on its purchase of the Kilpatrick Life Insurance Company domiciled in Louisiana. Both companies operate to some degree in the pre-need funeral funding insurance market. You can read the press release as provided from…
Read MoreWe received a couple of articles out of Springfield, Illinois, today concerning a southern Illinois funeral director who has been sentenced to prison for his role in failing to deposit payments for preneed funeral services. You can read about the case in these articles from WGN Web and from KFVS 12. According to the articles,…
Read MoreI’ve been involved in the funeral business long enough to see the State of Minnesota move, in what I consider a more consumer friendly way, in respect to the business of preneed. I can go back to the 1980’s when we were only allowed to put a consumer’s designated funeral funds into a bank guaranteed…
Read MoreAssurant is a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases. In relation to the death care industry they are a provider of pre-need or what they call “pre-funded funeral insurance”. Assurant is a Fortune 500 company with a presence in 21 countries. They recently reported their…
Read MoreEvery once in a while we hear stories of funeral homes being investigated for acts that would be contrary to the laws of their respective states. This weekend we happened to notice two such articles in newspapers that dealt with funeral homes potentially running afoul of the preneed laws of their state. The first article…
Read MoreDeadHappy, the United Kingdoms technical insurance startup that recently received about US $ 5 million in Series A funding, announced in this article from Techcrunch, that they hope to get more involved in the wishes of their insured, including making sure that your funeral is the way you want it. The company was founded in…
Read MoreIt’s a habit that I just can’t seem to let go of. I’m just business oriented and when I read something I have this habit of taking the information and transforming it into how it may or may not affect the business that I am in. As some of you know, I’m an early investor…
Read MoreI came across this article the other day about the rise of crowdfunding to pay for funerals. Now, this is not the first time we have written about this subject, but this article is interesting because it points out some statistics and trends behind this phenomena. The article is a public relations article about the…
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