Preneed
Last week Funeral Director Daily published this article titled “Know your customer — How’s their credit”. That article delved into the American consumer credit profiles and why, before extending credit, you needed to know the consumer you are dealing with. . . and how difficult that is in today’s market. The article…
The American economy keeps spending, yet we hear that families are getting squeezed by the combination of high prices and high interest rates. We also hear that high interest rates don’t seem to be stopping the consumer which in turn would put a turn-down on the economy making a reason for lowering interest…
There is an old saying that goes, “You can lead a horse to water, but you cannot make him drink”. I think that the meaning of that phrase, in human terms is something like this, “You can tell a person the situation, but you cannot make them act on it”. In my…
About a month ago I read this article from Yahoo Finance titled, “Retail employees are working fewer hours. Here’s why that is a risk to the economy”. While the article was good and informative in its own right a portion near the end caught my eye and I related it to Death Care.…
If you operate or work at a funeral home you know that there is a lot of change going on. . . . .Let’s see, there is less church membership leading to less church services. And, less church services seems to be leading to less traditional services going so far as to move to an…
It was only a couple of short months ago that Michigan Governor Gretchen Whitmer signed a new bill into law which allowed for less regulation in the preneed insurance business in that state. Proponents had argued that unless there was more freedom in how preneed companies controlled their growth rates more and more companies would…
Breaking the taboo of “End-of-Life” planning can only be a help for funeral services and other death care companies. Funeral directors, funeral homes, and cemeteries with progressive sales force techniques have known for a long time that getting one to talk about their mortality is what gets those consumers to eventually enter into…
According to this recent article from USA Today “discretionary” consumer spending is down, consumer savings rates have fell, and use of consumer credit card debt has shot up in the last quarter with its largest jump since 1999. . . . That’s probably all good information to know, but what does it tell…
Over my lifetime I’ve learned that if something can work for everyone involved it’s probably a good thing. Getting “it” to work out for everyone is probably one of the problems we have with health insurance. . . . something that might work for the physicans maybe doesn’t work for hospitals or maybe something that…
Trust is hard to earn. . . .and many times, harder to keep. Any business that promises a service at a later date in return for a payment now comes under scrutiny by almost everyone. However, most businesses that are conducted that way have a horde of government regulations that keep consumers safe.…
