Tag: pre-arranged funerals

Afternoon Edition

Afternoon Edition: Smith Family Funeral Homes acquires insurance company

Smith Family Funeral Homes of North Little Rock, Arkansas announced last week that they have acquired American Home Life Insurance Company, also of North Little Rock.  Interestingly enough, American Home Life Insurance Company was founded by the grandfather of Smith Family Funeral Homes current President Jeff Smith. Smith was quoted in this article from Arkansas Business, “. . . . (we) had a strong desire to continue what my grandad started.  We’ve been very successful with growing the funeral homes […]

Preneed

Selling preneed. . . . positively

Ask ten different consumers and you will get ten different opinions on “insurance”.  Especially, life insurance.  Some think it is necessary, some think it is a waste of time, some love the peace of mind it can bring, some will say let my survivors deal with the money after my death. You get the idea. . . and when it means spending money on something that today’s “show me what it does for me today” consumers sometimes demand, the art […]

Finance Preneed

Come together . . . . .The Domani Group and Homesteaders Life Company

The other day we received a press release announcing that “The Domani Group joins forces with Homesteaders Life Company”.  In that release, which you can read here, it announced “The Domani Group, a leader in preneed and aftercare solutions for funeral homes, is pleased to announce it is joining forces with Homesteaders Life Company.”   This announcement came on the heels of our story on Monday that mentioned Providence Equity Partners and their experiencing in partnering funeral technology companies to bring […]

Finance Preneed

Assurant announces dividend, more news

World-wide financial services company Assurant announced yesterday a quarterly dividend in the amount of $0.63 which is the same amount that had previously been in place for preceding quarters.  You can read of their announcement here. Assurant is one of the eight stocks that make up the Death Care Index (DCI).  They pertain to the death care world with their division of preneed funeral insurance which is predominantly situated in North America . At a closing price as of Thursday, […]

Cemetery Preneed

The savings rate and what it can do for preneed and cemetery sales

It’s not even noon on Sunday yet and I’ve had a pretty good day already.  Minnesota has allowed churches to open at 25% of capacity so my wife and I attended church today, albeit wearing masks and sitting far from anybody else, for the first time since mid-March.  Also, singing was banned for just instrumental music, but for someone who has a spiritual bent to them, it felt really good to be in church.  I’ve also had a chance to […]

Preneed Regulations

Guilty plea, restitution and no jail doesn’t go over well with some pre-need victims

According to this article from the Manistee News, a former funeral home manager has pleaded guilty to taking over $223,000 in pre-need funds.  The plea would assure the defendent, Mr. Denis Johnson, age 69, of Manistee, Michigan, that he would serve no jail time as long as restitution to the approximately 60-70 victims is completed within one year. At least one relative of a victim stated that she believed the plea bargain was too lenient of a sentence.  “I guess […]

Preneed

United Kingdom insurer, DeadHappy, plans move to death care ideas

DeadHappy, 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 2017 and claims to be the United Kingdom’s first fully digital pay-as you-go life insurance provider.  According to the Techcrunch article that means that their […]