Funeral Insurance
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…
Collecting of accounts receivables has came a long way from the 1930’s when a funeral home just asked the client family to “settle up” when ready. Today’s use of cash-flow makes it imperative that funeral homes reduce the amounts of money they have “on the books”. In addition, helping families receive money due them from…
Security National Financial Corporation (SNFC), the Utah based multi-pronged company with divisions in funeral homes and cemeteries and also with its insurance division involved in preneed insurance, had its full-year after-tax earnings drop from $55.5 million in 2020 to $39,5 million in 2021. It’s Earnings before taxes also dropped about $20 million for the three…
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…
This article that appeared in Newser indicates that American life insurance companies paid out death benefits totaling about $90.43 billion dollars in 2020 – the first year of America’s battle with Covid-19. It also indicates that was a 15.4% increase over death benefits paid out in 2019, prior to the Covid-19 pandemic situation. The article…
Service Corporation International (SCI), the largest provider of funeral services in North America, recently released their 3rd Quarter 2021 results and following that company executives answered questions from stock analysts about the company and death care in general. You can read a complete transcript of that commentary here. If you are not interested in reading…
Every once in a while I will come across a survey on some aspect of the death care world that doesn’t quite jive with what I’ve been led to believe. Normally when that happens I’ll find out the survey was constructed and completed by some one from outside the traditional death care world. When that…
Our funeral home will celebrate 150 years of service in 2022. However, we have really only helped families pre-arrange and pre-finance funerals since about 1964 — about 60 years. And, in those early years, it really wasn’t about pre-planning and pre-financing consumer funerals, but about setting up payment options or trusts for those helped through…
