prepaid funerals
Over my lifetime I’ve learned that if something can work for everyone involved it’s probably a good thing. Getting “it” to work out for everyone is probably one of the problems we have with health insurance. . . . something that might work for the physicans maybe doesn’t work for hospitals or maybe something that…
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Prior to the July 2022 regulations put into place by the Financial Conduct Authority (FCA) in Great Britain there was little in the form of regulation for Preneed funeral plans in that country. Preneed can be done a little differently than in the USA in Great Britain, but there is much to be learned…
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Last December I was welcomed into the world of Medicare. Prior to that I had either had my health insurance paid for by the business I was working for or, since I sold our funeral home, paid for it out of my own pocket on an individual plan basis. Quite frankly, Medicare and its…
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“Out of sight, out of mind”. That’s a refrain I’ve heard often. Generally, it refers to when you have not seen somebody or something for a length of time then that person or that thing falls out of your thought process. It’s common sense and it happens. At Funeral Director Daily…
Read MoreWhen you think of End-of-Life “Purpose” insurance there are two basic types. First, there is Pre-Need which is generally sold by funeral or cremation providers with the death benefit proceeds going directly to those providers to pay for services that have been pre-planned by the purchasers or their caretakers. Then there is…
Read MoreAmericans are taking a loan, early withdrawal, or hardship withdrawal from their retirement plans at record rates according to this article from Yahoo Finance. And, one of the top reasons why, according to the survey, is to pay for a funeral. According to the survey released by by the non-profit Transamerica…
Read MoreHas the death care community ever studied if, when faced with economic difficulties, the purchase of death care such as funerals, caskets, cremations, and other services reflect those economic times or do the vast majority of death care consumers select the disposition option, such as burial and cremation, that is most meaningful…
Read MoreWe’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…
Read MoreLast 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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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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