Tag: prepaid funerals

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 […]

Preneed

South African preneed market exploding

I can remember back to a time when I thought sending out direct mailing pieces for preneed funeral planning was too forward and bordered on being in bad taste.  At that time we were always worried about offending someone who had an illness in the family or who recently had a death in the family.  Our perception was that the family receiving the mailer would think we were insensitive to them. Well, we’ve came a long way since that time. […]

Preneed

Will preneed methods change?

As many times happens with me, I learn something from a  news item or items and then try to convert that knowledge to the funeral industry and try to figure out if or how what I’ve learned will translate to our profession. So was the case this week when I saw some public relations for a company called Lantern, whose website you can see here, that has a slogan saying, “End of Life Planning”.  I also saw an advertisement for […]

Cremation Preneed

Canada’s Eirene teams with Assurant for online pre-pay option. . more news to know

Toronto based cremation provider Eirene announced last week in this announcement that they would be teaming up with Assurant Life of Canada (ALOC), an affiliate of Assurant Inc., to allow for Canadians to be able to pre-pay for cremations online as part of their estate planning.  Eirene bills itself, on their website as, “High quality, affordable cremation services”. Eirene CEO Mallory Greene had this to say according to the press release, “Our partnership with ALOC delivers a solution designed to […]

Finance Preneed

Assurant Preneed acquired by CUNA

CUNA Mutual Group announced last week in this press release that it intends to acquire the preneed funeral business of global conglomerate Assurant.  We told you late last year, in this article, that Assurant was expected to move on from the preneed business as it concentrated on other business elements. The reported purchase price by CUNA Mutual Group is $1.3 billion. According to the linked press release, “CUNA Mutual Group, a broad financial services provider, announced it has entered into […]

Business Preneed

Do we listen to the consumer

Funeral home owners, cemetery operators, preneed professionals.  We’re the experts in the death care profession.  We know the business, we understand the clientele, and we know what is good for everybody.  Or do we? I’m guessing that is somewhat how the buggy whip manufacturers, horse livery operators, and sales reps in that industry thought of themselves while Henry Ford and others were going about changing the way American moved by figuring out a way to build an automobile at a […]

Finance Preneed

Assurant reports. . . . Preneed seems to be “up in the air”

Worldwide insurance conglomerate Assurant reported both its 4Q 2020 and its Full Year 2020 results last week.  The company reports in three distinctive segments — Global Housing, Global Lifestyle, and Global Preneed. The total Earned Premiums of the entire company for the Full Year 2020 combined to $9.52 billion which is a better than 2% increase over the combined Earned Premiums of about $9.33 billion in FY 2019.  The company press release, which you can read here, had this to […]

Finance Preneed

National Guardian Life to acquire Everplans

According to this article National Guardian Life (NGL), a mainstay in the funeral preneed insurance market, has announced that it has acquired the company Everplans.  Everplans is described in the article as a digital life planning company that “helps consumers store, organize and share important documents online, and helps users get started with estate planning.” Again, according to the article, Madison, Wisconsin, based National Guardian Life branched out a few years ago by adding Long-Term Care insurance to its portfolio […]

Cremation Preneed

It’s International Day. . . news from across the Pond

Funeral Director Daily has a few readers in the English speaking parts of the world outside of North America.  We have followers in Great Britain, Australia, and New Zealand.  However, it is not too often that we get news from those regions.  Today, we are bringing you three articles from various parts of the world. When we do get news from those locales, however, it is interesting to note how common the issues are between the differing countries and the […]

Cremation Preneed

The continued growth of Direct Cremation

Some trends become tidal waves.  This article from Great Britain insurer SunLife takes into account what they saw in 2020 as reported in their “Cost of Dying” report.  You can access the company’s synopsis of the Great Britain death care market here. One of the findings, which is more than likely pandemic induced, but also a growing trend for the future, is that the percentage of Direct Cremations is growing rapidly.  According to the report, as we read it, Direct […]