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Damaging your funeral home by mismanaging insurance assignments?

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.

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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

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