Funeral Insurance
When it comes to “Financial Literacy” I consider myself one of the lucky ones who had a father who insisted that his children learn about how to manage whatever income it was that you made. My dad was a business man, and in our house growing up, not only were we expected to learn the…
Read MoreFor almost 40 years our funeral home has had advertising for preneed clientele based on the premise, “Like an umbrella in a sudden shower, some things are good to have before they are needed”. In different ways on radio, print, and online we go on to explain that preneed funeral insurance is one of those…
Read MoreIn a press release dated today out of Murray, Utah, we learned that the Security National Financial Corporation (SNFC) has closed on its purchase of the Kilpatrick Life Insurance Company domiciled in Louisiana. Both companies operate to some degree in the pre-need funeral funding insurance market. You can read the press release as provided from…
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…
Read MoreIn 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,…
Read MoreEvery once in a while we hear stories of funeral homes being investigated for acts that would be contrary to the laws of their respective states. This weekend we happened to notice two such articles in newspapers that dealt with funeral homes potentially running afoul of the preneed laws of their state. The first article…
Read MoreDeadHappy, the United Kingdoms technical insurance startup that recently received about US $ 5 million in Series A funding, announced in this article from Techcrunch, that they hope to get more involved in the wishes of their insured, including making sure that your funeral is the way you want it. The company was founded in…
Read MoreThis article from the Sydney Morning Herald relates to the Australian Securities and Investments Commission (ASIC) that, according to that article, commenced action last week against funeral and accident insurance company Select AFSL and its director, Russell Howden. The article mentions that the company faces a lawsuit from Australia’s corporate regulator over what they call…
Read MoreI happened to drive by the Douglas County Fairgrounds earlier this week and notice that the fair was already upon us. That signaled to me that the end of summer was not too far off and gave me an idea for writing a post about the fall season being a great time to capitalize on…
Read More
