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Why do clever Funeral Directors use a Funding Company for insurance assignments?
1. Getting paid fast eliminates accounts receivable (no one is faster at verifying than Trinity),
2. A good funding company reduces administrative costs by handling the endless questions & requirements from insurance companies,
3. Rates are exceptionally low so the fees are minimal,
4. A quality funding…

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Do you gamble with your families?
Being the bank for your families is a profit killer.  Although nice, this practice gums up your cashflow and increases administrative costs.  Funeral Funding companies come in all shapes and sizes, with different credentials, levels of experience, knowledge bases, and fee models. Arm yourself with the correct questions to ensure that the professional funding…

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My father has a life insurance policy with me as beneficiary and I need to know at his death when I make funeral arrangements will the funeral home want money up front or will they take his policy? How does this work?

Every funeral home has different payment policies. Many independently-owned funeral homes will accept an assignment of the proceeds from an insurance policy for the payment of…

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Giving your families more ways to pay you is never bad, right? You especially want to reduce any barrier or friction during the payments process. Simplifying the payment process is about getting more future business. But, point-of-sale systems are incredibly expensive and clunky. There is a better way — mobile payments. Mobile payments are gaining adoption from consumers and are not a fad. This…

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The need for speed is everywhere.  Wired funds will be received the same day they are sent.
Cut off times.  Wires can be sent up until about 3:45PM from Trinity Funeral Funding
Banks usually charge the same fees for ACH and Wires, Wires arrive a day earlier.
UPS and Fed-x take more time.  Your check needs to be drafted and packaged; then picked up by Fed-x or UPS.  Someone needs to…

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All surviving family members must fill out a Small Estate Affidavit when the primary and contingent beneficiaries are deceased.  Or, if the primary beneficiary is deceased and there is not named beneficiary on a life insurance policy.  Some insurance companies have their own particular Small Estate Affidavits.  Others will accept a “form”. The affidavit must be signed, dated and…

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How to increase cashflow?
Here’s a familiar short story about family owned funeral home. Let’s call it Christine’s Mortuary. Christine walks into a bank and says to the moneylender: “I need money for my funeral home.” The moneylender says: “No.” All businesses come to this crossroads at one time or another.  Not so if you happen to be offering funeral services.

Funeral Home owners can…

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The Walmart affect.  3 strategies for shopping for business services.

With increasing pressure to cut costs, how many of us loose sight of the value of quality?   Low bid and cheap prices have been winning the day.   However isn’t there a difference between shopping for office supplies and an attorney, doctor, shrink, financial advisor and funeral director for that matter?  For many,…

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Accepting Life Insurance Boosts Funeral Home Revenue by 25%
Funeral Directors can probably tell by now that we love answering questions about life insurance assignments.  We respect how competitive the funeral service business is and how directors must be focused on your families’ needs at all times.  Offering more payment options makes a home more attractive and family-friendly.  Not…

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Paying tribute and saying thanks to Veterans is something we all can do. And just as families across the country honor those who have served and sacrificed, we too are reminded of the brave men and women who have served.
Today, Trinity Funeral Funding has announced a 20% discount for funding insurance assignments for any Veteran service now through June 1, 2016.

A little patriotism is a good…

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