prepaid funerals
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…
Read More
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…
Read MoreThis 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…
Read More
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…
Read More
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…
Read More
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…
Read More
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…
Read More
Security National Financial Corporation (SNFC), the Utah based company that has three separate business segments including those that operate in the retail mortuary and cemetery space, the preneed insurance space, and is also the parent company of C & J Financial, had very mixed results in the 1st Quarter of 2022 as seen in their…
Read More
In the shadows of the failure of preneed funding vehicle Safe Hands Plans, the British government is being urged to set up a fund for those that have lost funds through the collapse of Safe Hands Plans. As you may know, the British preneed industry is to come under the purveyance of the country’s Financial…
Read MoreIt would be safe to say that in Great Britain there has been a lot of discussion about the costs of death care among consumers and government alike. While it has been going on for some time and there is no doubt that the Covid-19 pandemic and the rise of Direct Cremation with No Services…
Read More
