Preneed

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 […]