Preneed

Finance Preneed

Assurant Global Preneed division reports slight revenue increase, less operating income

Assurant defines itself as “a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases”.  The company released its 2nd Quarter 2020 results on Tuesday, August 4, and in doing so reported a Net Income of $173.5 million, which is up 24 percent from the same period in 2019.  Assurant also notes that it returned $65 million to shareholders in share repurchases and common dividends.  You can see their 2nd Quarter 2020 report here. […]

Cemetery Preneed

Better late than never

In the news last week was a story of deceased New York state firefighter Anthony Fatale and the delayed legacy of his life.  Fatale had died two years ago in 2018 at the age of 70. Fatale was single, an Air Force veteran,  and a member of the Nyack Fire Department, who many colleagues say was “larger than life”.  David Gottlieb of Empire Hook & Ladder Company No. 1 had this to say according to an article and video that […]

Preneed

Financial Literacy . . . . the need to teach it.

When it comes to “Financial Literacy” I consider myself one of the lucky ones who had a father who insisted that his children learn about how to manage whatever income it was that you made.  My dad was a business man, and in our house growing up, not only were we expected to learn the Three R’s — reading, (w)riting, and (a)rithmatic, but we also received courses in financial literacy from dad.  And, I now believe that those lessons were […]

Preneed Products

A new world of death care start ups

Earlier in July Funeral Director Daily featured an article entitled, “Does death care have a consumer influencer?”  The article pertained to our profession and wondered out loud if death care had someone that was able to “influence” consumers as to their choice of death care.  That “influencer group” is in a lot of other industries and the article questioned who influences death care. And, we all know that the death care consumer will – and already is – evolving in […]

Finance Preneed

Assurant announces dividend, more news

World-wide financial services company Assurant announced yesterday a quarterly dividend in the amount of $0.63 which is the same amount that had previously been in place for preceding quarters.  You can read of their announcement here. Assurant is one of the eight stocks that make up the Death Care Index (DCI).  They pertain to the death care world with their division of preneed funeral insurance which is predominantly situated in North America . At a closing price as of Thursday, […]

Business Preneed Products

News you can use for the weekend

As we head into another great summer weekend, here is some industry news that you can use. Funeral Directors Life Named “Great Place to Work” Funeral Directors Life was recently named as one of the 2020 Best Workplaces in Texas by Great Place to Work and Fortune.  Funeral Directors Life was honored with the 26th spot for small and medium companies.  You can see the press release here. “It’s a tremendous honor to be recognized by Great Place to Work […]

Preneed

Homesteaders to offer webinar

We have learned that Homesteaders Life Company is offering a free webinar on Friday, July 10, to take place at 11 am Eastern Time, 10 am Central Time. The webinar is entitled “Bouncing Back after COVID-19 — Strategies to heal and thrive in life and business“.  You can learn more about the webinar and register for participation in viewing it here. More news from the world of Death Care: Body Composting is the newest sustainable death practice.  Now Belfast council […]

Cemetery Preneed

The savings rate and what it can do for preneed and cemetery sales

It’s not even noon on Sunday yet and I’ve had a pretty good day already.  Minnesota has allowed churches to open at 25% of capacity so my wife and I attended church today, albeit wearing masks and sitting far from anybody else, for the first time since mid-March.  Also, singing was banned for just instrumental music, but for someone who has a spiritual bent to them, it felt really good to be in church.  I’ve also had a chance to […]

Business Preneed

Random thoughts: Building market share through preneed. . . .CBS Interactive’s “The Future of Funerals’ series

For almost 40 years our funeral home has had advertising for preneed clientele based on the premise, “Like an umbrella in a sudden shower, some things are good to have before they are needed”.  In different ways on radio, print, and online we go on to explain that preneed funeral insurance is one of those things that should be purchased before needed.  It has been a very positive promotion of preneed and, of course, we carry it all the way […]

Preneed

Citizens preneed division sales decline slightly

Citizens Inc., the Austin, Texas, based public company that delves in the preneed funeral insurance market among other products announced a slight earnings per share improvement for the entire company with their 1st Quarter 2020 results over their results for Q1 2019. The company has a Life Insurance segment that primarily issues ordinary whole life insurance and endowment policies in the United States and in U.S. dollar-denominated amounts to foreign residents in more than 20 countries through independent marketing consultants.  […]