prepaid funeral
When you get to be my age you have many of your friends’ parents passing away. One of the things I’ve noticed about that is when the 2nd parent dies the family almost always uses the same funeral home that they used for the first death. That’s not surprising — it’s what…
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We learned late last week in this press release that Funeral Directors Life Insurance Company (FDLIC) of Abilene, Texas, acquired the American Life and Annuity Company (ALAC) of Hot Springs, Arkansas. According to the press release “effective immediately, FDLIC will work to support existing ALAC policyholders and Arkansas funeral homes”. Again, according to the press…
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In late October Assurant hinted that they will be divesting what they call their Global Preneed business. That segment of their business consists of preneed funeral insurance products and Final Need insurance products. In reporting the company’s 3rd Quarter financial results, CEO Alan Colberg gave another hint as to the Global Preneed business potentially disappearing…
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Last week Assurant, the large financial conglomerate with operations in 21 countries, announced that they would acquire mobile device software as a service (SaaS) business HYLA. You can read about that in this Associated Press release. In conjunction with that announcement, Assurant also made other announcements including a strategy to divest themselves of what they…
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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…
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…
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