Tag: low cost cremation

Cremation Preneed

Low-cost preneed plans proving to be a disrupter

This recent article was published by Financial Content in Australia about the low-cost preneed market and made the comment, “This rise and popularity of ‘low cost’ prepaid funerals have taken the death care industry by surprise. With household budgets increasingly coming under strain from rising inflation, cost considerations are likely to come even more to the fore over the coming year. . . .It doesn’t matter how bad or risky the fundamentals are: Consumers have fallen in love with the […]

Cremation Products

The two Nike guys out to disrupt the death care industry

I came across this recent article from Seed Investor entitled “Solace co-founder David Odusanya on the impact of COVID-19”.  The article intrigued me, not because of the COVID-19 fact, but because I knew that Solace was the company founded in Portland, Oregon, by two Nike executives to enter the low-cost direct cremation market. According to the company web-site, Solace provides direct cremation with “Concierge Level Support” thru Solace Care Teams for $895. The death care space has historically been won […]

Business

Who drives the choices?

I spent three days last week in Las Vegas with about 150 other people from the death care profession.  The group is a wide mix of people, with all of us having the death care industry in common.  Some are small funeral home owner/operators like me, some are CEOs of the largest public death care companies, some are cemetery operators, some are suppliers, and some are well known consultants in the industry. I’ve attended this event almost every year since […]

Business Cremation

Does Pure Cremation Have it Right?

According to an article from the United Kingdom’s Telegraph which you can read here, funeral director Catherine Powell encountered a family a few years ago that explicitly said all they wanted was a cremation with the ashes returned to them.  Nothing more.  Powell complied and the customer was very pleased. Powell remembers thinking that if that family wanted it that way, maybe more families do, but don’t know it.  Powell’s funeral home tested out the concept by offering their simple […]

Business Cremation Products

Pure Cremation Secures $10 million in Venture Financing

Pure Cremation, the company that was started in the United Kingdom in 2015 recently announced that it will have received a total of US $10 million in funding for its low cost model of simple cremations following death.  According to this article from Evening Express which you can read here, Elliot Kaye, an investment director at Puma Investments said this of the company, “his firm is putting money behind what he hopes is a winning combination of an experienced management […]