cremation insurance
When you think of End-of-Life “Purpose” insurance there are two basic types. First, there is Pre-Need which is generally sold by funeral or cremation providers with the death benefit proceeds going directly to those providers to pay for services that have been pre-planned by the purchasers or their caretakers. Then there is…
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We learned late last week in this press release that Funeral Directors Life Insurance Company (FDLIC) of Abilene, Texas, acquired the American Life and Annuity Company (ALAC) of Hot Springs, Arkansas. According to the press release “effective immediately, FDLIC will work to support existing ALAC policyholders and Arkansas funeral homes”. Again, according to the press…
Read MoreI’ve been involved in the funeral business long enough to see the State of Minnesota move, in what I consider a more consumer friendly way, in respect to the business of preneed. I can go back to the 1980’s when we were only allowed to put a consumer’s designated funeral funds into a bank guaranteed…
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