funeral pre-arrangements
We’ve touched on the subject in this forum before — when is the proper age, as a consumer, to look into getting a preneed funeral/cremation account? I’ve opined that our funeral home used to look at Social Security age and then lowered that to age 55 and over. Lately, according to all that I…
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Your funeral home has lots of options when it comes to the issue of Preneed. For instance, in most states you have the choice of funding via Trust or Master Trust bank accounts or funding with life insurance vehicles. You also have the decision as to if you are going to guarantee the sale of…
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According to this article from This is Money (Great Britain) the Safe Hands Plans funeral preneed fund “went under six weeks ago”. Taking information from an article in the Financial Mail on Sunday, it suggests that over 47,000 plan holders are left with the potential of zero balances in their trust funds that were supposed…
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Allianz Life recently published a survey that was taken of a representative sample of 1,000 Americans detailing how they were financially affected by the pandemic that we are showing signs of emerging from. You can access an article about the survey here. In essence, the article states that there is a “significant gap in the…
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Ohio Senate Bill 224 will make over a dozen changes to the state’s funeral and burial laws according to this article from Cleveland.com. The bill will do such mundane things as increasing the price to reactivate a funeral director’s license and it will also establish a more formal process for families to collect money from…
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This article picks up on yesterday’s discussion of what could happen as more crematories are built expanding the supply of crematories in the United States. Yesterday’s discussion then went to the thought process and question of, “Will this excess capacity in cremation move cremation to a lower and lower retail cost as death care companies…
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The other day I wrote an article that was titled “Selling Preneed. . . .positively” which you can read here. The bottom line of that article was to illustrate when advising on preneed, to promote preneed in a positive fashion. I went on to say how, when I did seminars on funeral pre-arrangements, I tried…
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It’s not everyday when someone opens a business and then says they are going to build that business by donating the business’ services. However, that is exactly what James Stephens is saying as the Managing Funeral Director of the new White Pines Funeral Home in Logan, Utah. According to this article from the Herald Journal…
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In the last couple of months or so I’ve heard from funeral home owners, or heard on a webinar, that the loss of revenue on a per case basis has been anywhere from about 9% to almost 40% in North America. Even the public companies, such as Service Corporation International and Carriage Services, acknowledged in…
Read MoreThere are some interesting things happening in the financial world in Australia. Lately there has been quite a bit of publicity from the Royal Commission into Misconduct in the Banking, Superannuation, and Financial Services industry about the financing of funerals while still living. My guess is that a lot of this has reached the public…
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