Preneed

Assurant reports 3Q 2020

By Funeral Director Daily / November 18, 2020 /

In late October Assurant hinted that they will be divesting what they call their Global Preneed business.  That segment of their business consists of preneed funeral insurance products and Final Need insurance products. In reporting the company’s 3rd Quarter financial results, CEO Alan Colberg gave another hint as to the Global Preneed business potentially disappearing…

Read More

Assurant looks to make changes. . .including divesting Global Preneed division

By Funeral Director Daily / November 2, 2020 /

Last week Assurant, the large financial conglomerate with operations in 21 countries, announced that they would acquire mobile device software as a service (SaaS) business HYLA.  You can read about that in this Associated Press release. In conjunction with that announcement, Assurant also made other announcements including a strategy to divest themselves of what they…

Read More

Preneed sales. . . . The Elevator Pitch

By Funeral Director Daily / October 16, 2020 /

The other day I wrote an article that was titled “Selling Preneed. . .   .positively” which you can read here.  The bottom line of that article was to illustrate when advising on preneed, to promote preneed in a positive fashion.   I went on to say how, when I did seminars on funeral pre-arrangements, I tried…

Read More

Selling preneed. . . . positively

By Funeral Director Daily / October 7, 2020 /

Ask ten different consumers and you will get ten different opinions on “insurance”.  Especially, life insurance.  Some think it is necessary, some think it is a waste of time, some love the peace of mind it can bring, some will say let my survivors deal with the money after my death. You get the idea.…

Read More

Come together . . . . .The Domani Group and Homesteaders Life Company

By Funeral Director Daily / September 24, 2020 /

The other day we received a press release announcing that “The Domani Group joins forces with Homesteaders Life Company”.  In that release, which you can read here, it announced “The Domani Group, a leader in preneed and aftercare solutions for funeral homes, is pleased to announce it is joining forces with Homesteaders Life Company.”   This…

Read More

Weekend Edition: SCI receives economic development aid, a difference of opinion in Winnipeg, a preneed ratings downgrade

By Funeral Director Daily / September 4, 2020 /

It is somewhat unbelievable to me how fast we have moved from Memorial Day to Labor Day, but here we are.  Among the American debate, many schools are opening, the election is soon here, and the one constant is that those in the funeral profession continue to give comfort and guidance to those in need.…

Read More

Can you find some extra cash-flow in Preneed

By Funeral Director Daily / September 3, 2020 /

In the last couple of months or so I’ve heard from funeral home owners, or heard on a webinar, that the loss of revenue on a per case basis has been anywhere from about 9% to almost 40% in North America.  Even the public companies, such as Service Corporation International and Carriage Services, acknowledged in…

Read More

Transamerica adds funeral planning benefit

By Funeral Director Daily / August 24, 2020 /

In a press release that we received last week from Insurance News Net we learned that Transamerica Insurance has partnered with Everest Funeral Package, LLC to provide “a new funeral concierge benefit at no direct cost for qualifying life insurance policyholders.”  The press release goes on to say that this “Concierge Planning Rider” will provide…

Read More

Afternoon edition: Forbes offers Preneed advice to consumers

By Funeral Director Daily / August 17, 2020 /

In this day and age it seems that when you are reading a newspaper or watching television for the news, it is not only enough to read or watch, but you may find it necessary to know the political persuasion of the entity presenting the news to get an accurate read on it.  You have…

Read More

Afternoon edition: FDLIC brightens up, SCI buys adjoining cemetery property, and more

By Funeral Director Daily / August 11, 2020 /

In today’s afternoon edition of Funeral Director Daily we have a couple of national firms in the news for differing reasons.  First of all, we will tell you of Funeral Directors Life (FDLIC) and their investment in saving some of the world’s energy.  They recently added a parking lot that will be covered by about…

Read More