Preneed
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 MoreLast 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 MoreThe 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 MoreAsk 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 MoreThe 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 MoreIn 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 MoreIn 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 MoreIn 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