More than ever families are utilizing life insurance assignment proceeds to pay for funerals.
Using an insurance assignment gives the family comfort knowing that services will be paid for by the insurance company with ease and the funeral home will receive payment upfront prior to performing the service.
Using insurance assignment proceeds results in families spending 20-30% more on funeral services.
If you are not accepting insurance assignments, please inquire about more information from a funeral funding expert or insurance assignment funding company.
If you are handling your insurance assignments in-house, please consider the verification process, the documentation load, the follow-up, the time and headache for your staff goes through to chase down payments for each claim.
Using a skilled assignment specialist like Trinity Funeral Funding will make a major improvement in your cash flow while reducing paperwork and time. Have a professional give you that level of comfort that you like to give your families.
You can probably tell by now that we love answering questions about insurance assignment funding. We respect how competitive the funeral service business is and how you must give more concentrated focus to your family’s needs at all times. Offering additional payment options makes a funeral home more attractive and family-friendly. Not accepting insurance assignments is an invitation for families to move on and call your competitor, the funeral home across town, While encouraging the use of life insurance assignments is a boost to your business, we’ve found that families spend an average of 25% more when utilizing life insurance than when they pay cash.
Yes, the claim forms are difficult and yes, you may have had to wait up to 6 months to be paid and yes, the insurance companies don’t make it easy, not to mention the constant follow up process. You may even have had a bad experience working with assignment funding company in the past- but we ask that you give us a chance to change your mind about using insurance assignments. Ask yourself, as a successful funeral home, can you pass up that extra 25% increase in business sales and how long can you allow your competitors offer more options than you? Fire away with your questions, let’s see how we can help you boost revenue. Let’s build a business relationship together! Visit: www.TrinityFuneralFunding.com or Call Kat Flanders at: 201-750-1117