Preneed

Preneed

Pre-Arrangements and Wills

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 selecting the casket and burial vault. Zashin correctly assumes that without a preneed contract, in many instances the wishes of the deceased don’t get followed. […]

Business Preneed

Canadian Pricing Investigated

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 hear very often in the lower 48, reporters generally experienced lower markups and less aggressive sales practices at the establishments owned by SCI than they […]

Preneed

Our Thoughts – What’s in a Name??

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 as I was looking at a brochure trying to entice me to come to that particular education session I noticed who it was addressed to […]

Preneed

A.M. Best Affirms “Excellent” Rating on Assurant

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 its diverse business mix and presence in several niche markets, including the pre-need market. The ratings also affirm Assurants’ core life/health operations, which include pre-need […]

Preneed

Funeral Home Settles Pre-Need Case

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 100 people died between 2005 and 2013 and the funeral home collected over $900,000 in proceeds from the policies over the same time period. The […]

Preneed

Funeral Director’s Life Recognized

Funeral Director Life (FDLIC) of Abilene, Texas was recognized by FORTUNE Magazine and Great Place to Work as one the “Best Workplaces in Texas for 2017″. It was ranked #6 overall for the State of Texas. According to an company press release, employees expressed their appreciation for FDLIC’s unique culture and work environment. FDLIC was founded in 1981 by four West Texas Funeral Directors for funeral directors. They have since became one of the leading providers of funeral insurance in […]