Tag: preneed funerals

Preneed

NGL divests Settlers Life, positions for stronger Preneed business

This article from the Insurance News Net informs readers that preneed insurance company National Guardian Life (NGL), based in Madison, Wisconsin, has sold its interest in Settlers Life Insurance Company to Everly Holdings, LLC.   The sale consists of approximately 225,000 policies that are geographically disbursed throughout the United States. Those policies included in the agreement include final expense and single annuity products. According to Knut Olson, President and CEO of NGL, this move strengthens NGL’s ability in the Preneed funeral […]

Preneed

Premier Preneed adds training videos

According to a press release from the company, Premier Preneed Marketing, a preneed marketing company that offers funeral homes throughout the United States a comprehensive product portfolio to meet both their financial objectives and marketing needs, has announced that the company has recently developed a series of training videos on the topic of preneed.  These videos are currently found within the Premier Preneed 360 CRM platform. The videos were created by Craig Stewart, a licensed funeral director and funeral sales […]

Preneed

This might be the best time in a generation to be selling Preneed

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 try to put that knowledge to a practical use. I was also a licensed life insurance agent during my time operating a funeral home because […]

Preneed

Assurant closes sale of Global Preneed unit to CUNA Mutual Group

In a follow-up to what Funeral Director Daily reported in March, this press release will inform you that Madison, Wisconsin, based CUNA Mutual Group has closed on its acquisition of Assurant Global Preneed.  The press release states that the purchase price was approximately $1.35 billion. Assurant CEO Alan Colberg said this in the release, “This sale marks an important milestone in the transformation of Assurant, sharpening our focus on our market-leading lifestyle and housing businesses, and better positioning our company […]

Finance

Technical difficulties, Seeking Alpha opinion on Service Corporation

To our readers:  Before we get into our feature article of the day I want to apologize to readers who did not receive distributed copies of Funeral Director Daily last Wednesday and Thursday.  Unfortunately, we ran into issues where we simply outgrew our former distributor of Funeral Director Daily emails, Twitter, and Facebook postings.  The growth is good, however, we were not prepared for this happening and so I apologize to our readers for the problem.  There were three articles […]

Preneed

This should never happen

Chalk this incident up to “This should never happen” but it did.  In this article from the Bucks County Courier Times of Pennsylvania we learn of the tale of Richard Geisinger who died in 2013.  The article tells the story of how Mr. Geisinger, who had pre-arrangements for a casketed burial, was instead cremated and left unclaimed in the county morgue for six years. How did this happen?  Even though he had paid for a casket, bronze plaque, mausoleum crypt, […]

Preneed

Preneed: Do you know your competitors?

I’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 certificate of deposit. I’ve seen the preneed movement in our state then go to insurance sold by designated agents not affiliated with funeral homes to, […]

Preneed

Funeral homes and the law

Every 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 deals with a cease and desist order for an Iowa funeral director and two funeral homes that had been under his jurisdiction.  This is an […]

Regulations

Iowa Attorney General investigating two funeral homes prepaid accounts

According to an article published yesterday from Radio Iowa that you can read here, the Iowa attorney general is going to court asking that the Iowa Insurance Division be allowed to step in and try to recoup money from two funeral homes under investigation. According to a statement in the article, Dennis Britson, of the securities bureau in the Iowa Insurance Division commented, “This is about safeguarding consumer funds and getting them back to those individuals that those accounts are […]

Business

Building Business and Retaining Clients by Adding Services

My wife’s 85 year old father died suddenly last February.  He and his wife had lived in the small – under 3000 person – community that they were both born in for all of his years.  Life in a community like that revolves around community activities that many times are centered around families – not widows or widowers. I will also say that the funeral home and funeral director in that small community are wonderful people and really serve the […]