Preneed
A recent press release by Homesteaders Life Company, a funeral industry pre-arrangement company, announced that a succession plan for the leadership of the company was recently passed at their May 2017 meeting. Using forward thinking the board accepted CEO Stephen Lang’s pending retirement in March 2018 and approved the plan to have COO Stephen Shaffer…
A Benton, Kentucky funeral home has had his funeral home searched as allegations of fraud have been leveled against him. According to the West Kentucky Star.com article, the Kentucky Department of Insurance is investigating complaints from customers who allegedly paid Filbeck-Cann & King Funeral Home owner Tim King to buy insurance policies that he never…
For those of you who have actually sat in the arrangement conference room the above headline probably is no surprise. A press release from Response Source, who is advocating on the part of Pure Cremation, is an interesting read on how arguments over funeral arrangements can happen. According to the release one of the top…
Author Andrew Zashin comments in the Cleveland Jewish News that when meeting with an attorney to consider drafting a will one should also talk about a “Preneed Funeral Contract”. He states that the consumer can meet with a reputable funeral director to do virtually everything he wants to do – from selecting the services to…
A recent investigation by the Toronto Star and CBC was published in the Hamilton Spectator and pointed out consumer issues with pricing in Canadian funeral homes. Reporters focused in on funeral homes owned by Toronto based Arbor Memorial and the United State’s death care giant, Service Corporation International (SCI). In a contrast to what we…
Like many other states, my home state of Minnesota requires continuing education for funeral directors and pre-need licensed insurance agents. I happen to hold both types of licenses so I typically try to find some courses where I can get credit as a funeral director and as an insurance agent in the same course. Yesterday…
Assurant, Inc., parent company of Assurant Pre-Need, has received a rating of A (Excellent) in its Financial Strength Rating (FSR) according to a note in Business Wire of March 2, 2017. Best also affirmed the FSR rating of A- (Excellent) for the life and health subsidiaries of Assurant. According to the article Assurant’s ratings recognize…
WVAH and the Charleston Gazette mail report that a Putnam County, West Virginia funeral home has reached a settlement in a case from 2015 in which the funeral home submitted death claims on preneed funeral plans for people who were not yet deceased. Homesteaders Life Insurance Company contends that the Gatens-Harding Funeral Home claimed over…
