prepaid funerals
I enjoy learning and then finding solutions to problems. It’s something I’ve done since I was a child — find out the facts of the situation and then solve the problem. To that end, I continue to read four business newsletters per day. . . I simply enjoy what I learn from them and then…
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American Enterprise Group (AEG), parent company of preneed insurer Great Western Insurance Company (GWIC) and innovative financial lender Live Oak Bank have announced a partnership that will make it possible for funeral home and cemetery business owners to access up to $20 million in capital. A recent press release on the strategic partnership announced that…
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Australia’s largest provider of death care services, InvoCare, issued a statement on their 2021 Year End results last week. In that statement they announced that they had returned to profitability with an after-tax profit of AUS $ 80.2 million (US$ 57.2 million) after going through the drastic Australian lock-down year of 2020 with a loss…
Read MoreI’m a licensed health and life insurance agent. I received my license and started a Preneed Funeral insurance agency back when Minnesota first allowed funeral directors to do so in the 1990’s. It was a boon to our business as we could now write Preneed policies and receive a commission on them. Our funeral home…
Read MoreThis 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…
Read MoreI 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. …
Read MoreAs 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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