Preneed

Pandemic Survey: Retirees emerge resilient. . . what does that mean for Preneed

By Funeral Director Daily / April 14, 2022 /

Allianz Life recently published a survey that was taken of a representative sample of 1,000 Americans detailing how they were financially affected by the pandemic that we are showing signs of emerging from.  You can access an article about the survey here. In essence, the article states that there is a “significant gap in the…

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Regulation of Preneed apparently coming too late for some consumers

By Funeral Director Daily / April 5, 2022 /

It would be safe to say that in Great Britain there has been a lot of discussion about the costs of death care among consumers and government alike.  While it has been going on for some time and there is no doubt that the Covid-19 pandemic and the rise of Direct Cremation with No Services…

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This might be the best time in a generation to be selling Preneed

By Funeral Director Daily / March 31, 2022 /

I enjoy learning and then finding solutions to problems.  It’s something I’ve done since I was a child — find out the facts of the situation and then solve the problem.  To that end, I continue to read four business newsletters per day. . . I simply enjoy what I learn from them and then…

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Preneed company and Live Oak Bank announce partnership

By Funeral Director Daily / March 24, 2022 /

American Enterprise Group (AEG), parent company of preneed insurer Great Western Insurance Company (GWIC) and innovative financial lender Live Oak Bank have announced a partnership that will make it possible for funeral home and cemetery business owners to access up to $20 million in capital.  A recent press release on the strategic partnership announced that…

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Ohio cemeteries, funeral homes spar over “trusting” requirement

By Funeral Director Daily / March 23, 2022 /

Ohio Senate Bill 224 will make over a dozen changes to the state’s funeral and burial laws according to this article from Cleveland.com.  The bill will do such mundane things as increasing the price to reactivate a funeral director’s license and it will also establish a more formal process for families to collect money from…

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Can you make inflation work for you

By Funeral Director Daily / March 22, 2022 /

I recently read an article from Yahoo Finance written by Andy Serwer that asks the interesting question, “(Is) inflation the business opportunity of a lifetime?”  You can read that article here. Serwer explains that after almost fifty years of very low static inflation that we may be in for a much higher rate for the…

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Catholic Cemeteries of NE Kansas partner with funeral homes to offer valuable services

By Funeral Director Daily / March 11, 2022 /

Less than a month ago Funeral Director Daily published this article that questioned if the days of funeral homes and cemeteries helping each other are over.  That article questioned the competitive nature of each entity that now sold products historically affiliated with the other entity as a way of “full service shopping” for death care…

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InvoCare returns to profitability through pets and pre-need

By Funeral Director Daily / March 10, 2022 /

Australia’s largest provider of death care services, InvoCare, issued a statement on their 2021 Year End results last week.  In that statement they announced that they had returned to profitability with an after-tax profit of AUS $ 80.2 million (US$ 57.2 million) after going through the drastic Australian lock-down year of 2020 with a loss…

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Is it possible to “Over-Regulate”?

By Funeral Director Daily / March 3, 2022 /

I’m a big believer in playing by the rules and also a believer that rules and regulations are necessary in order to live in an organized society.  I’m also one of those Americans who believes in the process of “Self-Reliance” and “Self-Determination” and sometimes think that “Regulations” can hinder one’s ability to be the “Best…

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Life insurers see huge claims, how’s your Preneed company?

By Funeral Director Daily / February 11, 2022 /

I’m a licensed health and life insurance agent.  I received my license and started a Preneed Funeral insurance agency back when Minnesota first allowed funeral directors to do so in the 1990’s.  It was a boon to our business as we could now write Preneed policies and receive a commission on them.  Our funeral home…

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