prepaid funerals

When is the right age to establish a preneed account? . . . Maybe on your wedding day

By Funeral Director Daily / February 16, 2023 /

  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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There’s opportunity out there. . . go get the business

By Funeral Director Daily / December 28, 2022 /

  Last week was a great week to be inside in Minnesota.  While many people were trying to get home for the holidays we had temperatures of 15 below zero with winds gusting into the 30 mph zone.  That made it a good time for me to hunker down and get a little reading and…

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Funeral Directors Life announces “Growth Rate” increase

By Funeral Director Daily / December 14, 2022 /

I happened to look at the cash sitting in my Money Market account the other day and noticed I was receiving more interest than I had been recently.  I took out my calculator and realized that my John Hancock Money Market account was paying me 3% interest.  For savers, that’s the upside of the Federal…

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How does your firm view Preneed?

By Funeral Director Daily / September 26, 2022 /

I have a son that works in the automotive industry and we’ve discussed their lines of revenue quite often.  For instance the average dealership has about six primary lines of revenue – new car sales, used car sales, the service or repair center, a collision repair center, a leasing center, and a financing center.  At…

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SCI settles “Deceptive sales” lawsuit for $209 million

By Funeral Director Daily / September 20, 2022 /

Service Corporation International (SCI) has agreed to provide up to $209 million in refunds to settle a federal class-action lawsuit alleging it deceived 87,000 Florida customers who purchased its prepaid plans according to this article from last week from Yahoo News. According to the article SCI Direct (formerly called Neptune Society Management Corporation) was named…

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Low-cost preneed plans proving to be a disrupter

By Funeral Director Daily / August 26, 2022 /

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…

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Will Aflac change preneed?

By Funeral Director Daily / August 17, 2022 /

Earlier in August, partly through this press release, Aflac announced that they will be entering the “Final Expense” insurance market and made a point of detailing a strategy aiming consumer directed products at the Senior insurance market.  Not only will Aflac offer a Final Expense product but they will also be rolling out a Medicare…

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NGL divests Settlers Life, positions for stronger Preneed business

By Funeral Director Daily / August 2, 2022 /

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…

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Will the pandemic reshape how Americans deal with death?

By Funeral Director Daily / June 2, 2022 /

I’ve mentioned before that things change in Death Care. . . . but they seem to change rather slowly and methodical.  We’ve seen a slow 40 year march to cremation being the most popular method of human disposition.  And we’ve seen a movement over the last century from home funerals, to funeral homes, to church…

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“Decision Fatigue”. . . do you put your client families through it

By Funeral Director Daily / June 1, 2022 /

Saturday was going to be a busy day of working in the yard for me.  So, after my morning bike ride I showered up and told Angie I’m going to McDonalds for some breakfast and a chance to sit down and read the newspaper before I got down to doing that work. As like so…

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