Funeral Home directors are entrepreneurs, business owners serving their community and seeking to earn a fair profit. It’s a good business, but like all businesses every sale and every family is important. Today more than ever, competition is fierce and all aspects of your funeral home must be running on all cylinders, including your cash-flow. I’m often surprised by how different…
Monthly Archives
November 2016
What is a Life Insurance Assignment?
The basic purpose of a life insurance policy is to create a financial windfall at the time of death. All sorts of life insurance products are available from various insurance companies to provide families with financial planning options. A life insurance assignment is a document that allows a beneficiary to transfer the ownership rights of a policy to a third party such as a funeral home or…
At-Needs Funding vs Insurance Assignments
Often times we are asked about At-needs funding. These are short-term loans to families who are unable to pay for burial costs either out-of-pocket and do not have life insurance benefits to utilize. We generally suggest that our clients shy away from these type of short-term loans because the 3d party lenders have a more aggressive approach to collecting on these loans.
At Trinity funera…