by VentureStreet  Join Our Network
Damaging your funeral home by mismanaging insurance assignments?
By





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 directors think when it comes to life insurance assignment funding. Here are some popular approaches:

1. We don’t accept Insurance Assignments
2. We discourage the use of Insurance Assignments but reluctantly accept them
3. We only accept Assignments from Life Insurance companies we like
4. We take life insurance Assignments for anyone and any life policy

All of these approaches miss the mark, negatively impacting sales and profits. Funeral Financing or Funeral Funding through the use of life insurance assignments is a key to:

1. Increasing revenue – families spend 25-30% more when using insurance
2. Using a funding company to verify & fund life insurance guarantees your upfront payment
3. Life Insurance is a “family retention” program
4. Life insurance assignments when managed correctly increase revenue, profit, cash-flow and customer satisfaction.



Need help with funeral arrangements? We can match you to a professional in your local area.
Find Local Funeral Homes
Other articles you may like:
How Much is a Funeral Director Worth?
It's a challenge for any business owner to decide how much to pay him or herself. ...

At-Needs Funding for Funeral Services
At Needs financing vs life insurance assignments are common questions funeral homes and...

Life Insurance For Funeral Services Gone Bad
Is your death benefit from Life Insurance assignment going to pay for a fitting service?

Is your Funeral Director a Good Salesperson?
One of the most important skills for any Funeral Director is how to be a good...

The Benefits of Pre Planning
Planning your funeral service in advance can offer emotional and financial security for...

Be the first to find this article helpful.
Need help with funeral arrangements? We can match you to a professional in your local area.
About the Author

Trinity Funeral Funding - Insurance Assignments for Funeral Homes, Trinity Funeral Funding - Insurance Assignments for Funeral Homes
180 Old Tappan Road,
Westwood, NJ 07675
201-750-1117

Contact Author: request info

If you would like to re-print this article, please contact the author.
Editorial Disclaimer: The views expressed in articles published on this website are those of the authors alone. They do not represent the views or opinions of this website or its staff. The articles on this site do not constitute a recommendation or endorsement with respect to any views, company, or product. Authors affirm that article submissions are their original content or that they have permission to reproduce.

Home   |   Articles & Videos   |   Affiliates   |   Networking Groups   |   Search by Category   |   Professionals

Terms of Use   |   Privacy   |   About Us   |   Contact Us   |   Member Login

© 2003-2014 - VentureStreet, LLC

Join Our Business Network