prepaid funerals
This article that appeared in Newser indicates that American life insurance companies paid out death benefits totaling about $90.43 billion dollars in 2020 – the first year of America’s battle with Covid-19. It also indicates that was a 15.4% increase over death benefits paid out in 2019, prior to the Covid-19 pandemic situation. The article…
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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…
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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. …
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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…
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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,…
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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…
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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…
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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%…
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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.”…
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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.…
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