While the focus of Funeral News is to report on death-care related events, we consider our sponsor to be an important asset in the advancement of our cause. As such, we have asked American Funeral Financial to provide this guest article to our readers. The following was provided by the fine folks at American Funeral Financial, LLC.
You just received a first call. The family is facing something that, for them, is unusual and, in many cases, unexpected – the death of a loved one. Not only are they dealing with the emotion of their loss, but are soon to be faced with the costs associated with paying for – what for most is one of the most expensive single purchases of their life.
As funeral directors and/or death care providers the family comes to expect, especially in this day and age, expert service. What the family may be unprepared for is the immediate need for payment for the goods and services that funeral professionals provide. On the other hand, unless the family can pay with cash, a valid check or major credit card – you, the funeral service provider, are relegated to becoming a bank.
Times have changed and so have expectations. Assume for a moment that you were to receive your paycheck on Friday and today is Tuesday. Could you go to Walmart and purchase groceries with the promise of payment from your check on Friday? Could secure a cell phone from Verizon with the promise of payment in the future? The obvious answer to these, or similar questions, is a resounding – NO! It is no longer reasonable to assume that funeral service providers should be forced to wait for their funds considering the difficulty that many face with insurance assignments today.
Due to the rising costs of goods and services, more and more funeral homes and cemeteries are requiring payment in full prior to providing funeral services or making the interment. With the economy today, we find more and more families are relying on insurance as the funding vehicle to pay for those services. Unfortunately, it can take weeks or even months for the insurance company to pay the claim to the beneficiary or funeral home. In addition, the paperwork associated with funeral financing via an insurance assignment is becoming more complicated and time consuming, taking valuable time away from doing what you do best – serving families.
American Funeral Financial has created an industry leading proprietary system that takes the burden off of you and your staff and makes the process of funeral funding through insurance assignments easy.
- No longer do you have to verify the insurance assignment with the insurance company – American Funeral Financial does that for you.
- No longer do you have to due the burdensome paperwork – American Funeral Financial does that for you.
- No longer do you have to have experience waiting for your funds – American Funeral Financial pays you the next day following verification.
The process is simple. Once you have signed on with American Funeral Financial – Your Funeral Funding Experts – you’ll have access to our simple web-based entry system. Working with the American Funeral Financial web system is easy. Sign in and in less than 10 minutes you will have the paperwork done and the verification process begun. American Funeral Financial does the verification for you. Once you have been notified that the assignment can be done, you will have the beneficiary sign the paperwork (that we prepared for you on the web) and we will fund your services. It is that simple! Fees to AFF are competitive and come directly from the policy assignment proceeds so funeral homes and cemeteries are paid their full fee for services rendered. There is no cost to the funeral home or cemetery.
No waiting for your funds, no hassle, no problems! American Funeral Financial is a full service firm that is run by professionals with years of experience in the death-care industry. AFF knows what you need when you need it.
But there’s more! American Funeral Financial knows that you need your money for services rendered. You do not need to be the bank! Likewise, so do the beneficiaries. Therefore, as part of the process – when your firm has signed up with American Funeral Financial – the funeral funding experts – the beneficiaries of the life insurance policies being assigned are eligible to have advanced to them the remainder of the policy to take care of any short term funding needs that they may have personally. That’s right – you are paid and they get the funds advanced to them for the remaining part of the policy (assuming they want a personal cash advance).
Our team working for your team when you need it the most – because the cash you have today can have a profound effect on the success of your business tomorrow!