Preneed

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.  […]

Business Finance Preneed

Inside the numbers with SCI

Last week we brought you an initial report on Service Corporation International’s report of their 1st Quarter 2020 results.  We also promised that we would go “inside the numbers” to see what other financial information we could find that may be of benefit to all of you who own or manage funeral homes. Today, we bring you a little more from inside the numbers and don’t bring you any surprises but the numbers put forth continue to show increased cremation, […]

Preneed

Time to ramp up Preneed

I’ve seen no data to prove this but anecdotally several people have told me, or I have read, that funeral pre-arrangement sales have drifted downward during the past month or so of sheltering at home due to the coronavirus.  That would only makes sense because many of the clients who pre-arrange are not only seeking to set money aside to pay for their funeral at a later date, but are also looking for information and confirmation that the plans they […]