Tag: FDLIC

Finance Preneed

FDLIC acquires American Life and Annuity Company

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 release, “President and CEO of FDLIC Kris Seale and ALAC President Claude Holloway worked closely together to ensure a smooth transition process for both companies, […]

Afternoon Edition

News you can use

Once again the information has piled up on my desk and I thought this would be a good time to get it out to our readers.  We have information about “Goals oriented succession planning”, inflation issues, a death care company starting a “Corporate Cultural Department” and installing a Chief Cultural Officer and more. . . .including announcements and webinars. How a Goals Oriented approach to Succession Planning can be an advantage.  –  A short paper from Clifton Larson Allen where […]

Finance

Roosevelt Investments offers update on financial markets

Roosevelt Investments, a boutique wealth management firm located in Midtown Manhattan with 50 years of experience providing comprehensive financial planning and asset management services to cemeteries, funeral homes, and their owners, offers a free webinar on Monday, July 19th. The webinar is entitled “Update on Financial Markets – Midyear Check-In:  Navigating an Early Cycle Economy”.  The presentation will be led by John Roscoe, CFA, Chief Investment Officer, and Jason Benowitz, CFA, CMT, Senrior Portfolio Manager.  Among other things they will […]

Afternoon Edition Cemetery Preneed

Afternoon edition: FDLIC brightens up, SCI buys adjoining cemetery property, and more

In today’s afternoon edition of Funeral Director Daily we have a couple of national firms in the news for differing reasons.  First of all, we will tell you of Funeral Directors Life (FDLIC) and their investment in saving some of the world’s energy.  They recently added a parking lot that will be covered by about 1300 solar panels that will provide energy for the company’s corporate headquarters.  You can see photos in this article here. And we also bring you […]

Business Preneed Products

News you can use for the weekend

As we head into another great summer weekend, here is some industry news that you can use. Funeral Directors Life Named “Great Place to Work” Funeral Directors Life was recently named as one of the 2020 Best Workplaces in Texas by Great Place to Work and Fortune.  Funeral Directors Life was honored with the 26th spot for small and medium companies.  You can see the press release here. “It’s a tremendous honor to be recognized by Great Place to Work […]

Preneed Products

Funeral Directors helping funeral directors

When a crisis comes upon you – you have a choice.  You can shudder in a corner or you can face it and do all you can to be part of the solution.  I believe that funeral professionals and funeral business suppliers are those that want to be part of the solution. In that vein we bring you this news video and article from KTAB Television in Abilene, Texas, about what pre-need funeral insurance and death care solutions company Funeral […]

Finance

Funeral Director Life ratings revised upward

In this release on Business Wire from the A.M. Best Company issued last week, the insurance ratings firm “has revised the outlook to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-term ICR) of a- of Funeral Directors Life Insurance Company (FDLIC) of Abilene, Texas.” At the same time the FSR and the ICR of FDLIC wholly owned subsidiary, Kentucky Funeral Directors Life Insurance Company (KFDLIC) of Lexington, Kentucky, […]

Preneed

Funeral Directors Life downgraded to Negative Outlook

A press release from A.M. Best that you can read here has revised the outlook to negative from stable for Funeral Directors Life Insurance Company of Abilene, Texas. The rating change also states that the negative outlook reflects the company’s “ERM” or enterprise risk management. The release also maintains that the company’s metrics “reflect the company’s generally steady operating earnings, driven by somewhat modestly growing preneed premiums.  A.M. Best does, however, view the company’s business profile as limited and concentrated […]