Transamerical Monumental Claims Processing for Life Insurance assignments

How much damage is caused by mishandling Insurance Assignment policies?

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.

Having a good insurance assignment funding company on your team is essential to maximizing insurance and increasing revenue and profit.  Funding companies are generally very knowledgeable; they verify and fund thousands of policies and many fund your funeral home the same day.  For more information visit http://www.trinityfuneralfunding.com/ or call Cristina Terc at 201-750-1117.

Org Documents to Fedx to Trinity for Assignments

Don't let Monumental or Transamerica Life Insurance Claims slow you down.

Monumental Transamerica Life Insurance Claims made Easy.  Click to see a short video from Cristina or call her at 201-750-1117

Don't let Monumental or Transamerica Life Insurance Claims slow you down.

Monumental Transamerica Life Insurance Claims made Easy.  Click to see a short video from Cristina or call her at 201-750-1117

Don't let Monumental or Transamerica Life Insurance Claims slow you down.

Monumental Transamerica Life Insurance Claims made Easy.  Click to see a short video from Cristina or call her at 201-750-1117

Don't let Monumental or Transamerica Life Insurance Claims slow you down.

Monumental Transamerica Life Insurance Claims made Easy.  Click to see a short video from Cristina or call her at 201-750-1117

Transamerica Monumental Claims Processing for Funeral Homes

7 reasons to use a Funeral Funding Company for Insurance Assignments

BLOG // Trinity Funeral Funding 

7 reasons to use a Funding Company for Insurance Assignments?

1. Getting paid fast eliminates your accounts receivable
2. Funding Companies reduce your administrative costs by verifying policies, organizing paperwork and chasing the insurance companies.
3. Having an expert verify reduces mistakes, trouble claims & short payments
4. Using an expert to verify and fund speeds payments to the beneficiary 
5. Rates are exceptionally low so the fees are minimal, normally passed on.
6. Your payments can be wired directly to your Bank account, ACH or Fed-X….your choice
7. Trinity can fund an entire policy, or just the burial services cost

Trinity eliminates the cash flow delay of processing life insurance death claims.  We’re family-owned, fast and knowledgeable.

About Assignments:  Insurance Assignment Funding is a simple process where a 3rd party like Trinity Funeral Funding pays the Funeral Home the cost of funeral services upfront through an assignment of proceeds from an insurance policy. Here’s how it works.  A one page insurance assignment is completed by the beneficiary and the Funeral Director, a claim form provided by either the insurance company or Trinity, and a death certificate are sent. Trinity Funeral Funding will advise on what if any added forms are needed for each claim. Once these documents are completed the policy is verified (normally within a day or two), funds are wired to the funeral home. The payments from the insurance company are then sent to Trinity and any additional proceeds are sent directly to the beneficiary. For more information visit http://www.trinityfuneralfunding.com/ or call Cristina at 201-750-1117.

What is a Life Insurance Assignment?

What is a Life Insurance Assignment?

The basic purpose of a life insurance policy is to create a financial windfall at the time of death. All sorts of life insurance products are available from various insurance companies to provide families with financial planning options. A life insurance assignment is a document that allows a beneficiary to transfer the ownership rights of a policy to a third party such as a funeral home or funeral assignment funding company. Transferring to that third party rights of ownership under a policy can be limited to certain costs related to burial and funeral services, or for amounts up to the value of the benefits to be paid out. The two kinds of life insurance assignments are conditional and absolute.

A conditional assignment, although you would transfer life insurance policy’s ownership rights to another party, the assignment sets forth that if a certain specified event occurs, the assignment can be suspended or revoked in whole or in part. Such event can not be something that the beneficiary or owner can cause to happen.

Assigning a life insurance policy to a Funeral Home and then a simultaneous re-assignment to a funeral funding company is very common in the event beneficiaries wish to fund or pay for funeral costs with these benefit proceeds. Assignment of an insurance policy is very useful to families who then have a known amount to spend, do not have to come up with funds out of pocket and importantly do not have to discuss between the deceased loved ones who is going to front the funds. Families also offload the pain of filling out all the required forms to the funeral director and assignment funding company. Likewise, funeral homes who are like any other small business must keep their cash flow working and oftentimes suffer from unpaid or delayed payments receive their money upfront from the funeral funding company through the assignment of insurance proceed. Thousands of families choose to utilize insurance assignments to expedite their receipt of funds and to pay for funeral costs each month. An estimated 1.6 million families use a life insurance assignment each year.

Here is some typical language you would find in a life insurance assignment document your funeral home director would utilize. Assignment-and-Reassignment-Form-.pdf

I/WE, THE undersigned beneficiary(ies) and/or claimant(s) legally entitled to the benefits from the above described insurance policy(ies) or employer/union death benefit certificate(s), do hereby irrevocably assign, set over, convey, and transfer unto _______________________

(hereafter The “Funeral Home”) c/o Trinity Funeral Funding, LLC, PO Box 31, Norwood, NJ 07648-1347 (hereafter “TRINITY”) its successors and assigns, the sum of ($______.____)Dollars to be paid from the benefits of the above described policy(ies) or certificate(s). The consideration for this assignment is the value received from the Funeral Home for the funeral services rendered and/or any (additional) monies advanced to me/us for the above named decedent. I/We hereby authorize and empower the above named insurance company or employer/union to make payment of the sum specified herein, and any un-earned and returned premiums, and any Post-Mortem Claim Interest calculated from date of death thru date of claim payment to TRINITY. I/We hereby guarantees the validity and sufficiency of the foregoing irrevocable assignment to the Funeral Home /Cemetery and TRINITY, and I/we further guarantees to warrant title to the policy(s) and defend TRINITY against any claims. I/We hereby irrevocably authorizes said Insurance Company and/or Employer to give Funeral Home/Cemetery and TRINITY all information that it may require regarding said policy(s). I/We hereby appoints TRINITY as their Attorney-infact and to act on their behalf with regard to the verification of, collection of, settlement of, and receipt of proceeds of said policy(s) or certificate(s), including but not limited to, giving TRINITY the right to endorse checks and all documents including claimant statement forms in my name.

If you have questions about life insurance assignments and how to best plan burial services for yourself or your loved one, it is a good idea to sit with your funeral director to become familiar with your options. Please also visit our website at http://www.trinityfuneralfunding.com/ or call Cristina at 201-750-1117.

Receiving Funds Fastest ACH, Wire, Fed-x

At Need Funding vs. Insurance Assignments

Often times we are asked about At-needs funding. These are short-term loans to families who are unable to pay for burial costs either out-of-pocket and do not have life insurance benefits to utilize. We generally suggest that our clients shy away from these type of short-term loans because the 3d party lenders have a more aggressive approach to collecting on these loans. 

At Trinity funeral funding, we process and fund life Insurance assignment claims for funeral homes and we do not handle at-needs funding.

Here's why: The beneficiary who owes this money oftentimes does not distinguish between the funeral home and the lending source. 

This could impact the relationship between the family and the Funeral Director and even impact the reputation of the funeral home negatively while the funeral home or director no longer has any involvement.

At Trinity Funeral Funding, our Advocacy is squarely behind our funeral home partner.  Our role is to make life Insurance assignment funding go very smoothly and thus improve and add to the relationship our Funeral Directors have with their families.

For more information about insurance assignment funding or At-needs funding, please give us a call at 201-750-1117 and please visit our website at www.Trinityfuneralfunding.com

Insurance Assignment Funding Introduction to Trinity Funeral Funding

Funeral Home Debt – Is there a Smart way to Borrow? 

Before you need to apply for Funeral Home Funding, a simple calculation will help determine how much you can afford to borrow.

A Funeral Home is like any business; there will be times when you need to prove your worth the risk to a lender.  This is especially true when applying for a loan. Savvy Funeral Directors know the financial well-being of their business before they “need” to take out a loan.

That’s where the debt service coverage ratio (DSCR) comes in.  This calculation shows the financial well-being of your business. It measures how powerful (or weak) your cash flow is.  Cash flow shows whether you have the ability to pay back debt obligations.

Any savings you accumulate helps. But what’s most important is a healthy cash-flow Combined, savings and cash flow increase your chances of qualifying for a loan. On the other hand, when cash is tight, you’re a bigger risk for lenders.   A big question is whether your Home has lots of life insurance assignment claims gumming up your cash flow or if you’re working with a funding company or insurance assignment company.  Assignment funding companies like Trinity Funeral Funding verify and fund insurance claims for funeral homes within a day or so.  Assignment funding converts your receivables into cash.

The DSCR is a useful tool for determining if your business is prepared to pay back a loan even when the unforeseeable happens. Here’s how it works:

DSCR = net operating income ÷ total debt service

For instance, if your net operating income is $40,000 and you’re applying for a loan with an annual debt service of $32,000, the DSCR is 1.25. While the minimum debt service coverage ratio requirement varies among lenders, it generally needs to be 1.25 or higher. A DSCR that is less than 1 represents a negative cash flow, which most lenders are less than thrilled to see.

So using debt wisely is important to all Funeral Homes.  However, a hidden cash flow enemy are life insurance accounts receivable.  Exploring ways to process and collect on your insurance assignment claims is usually a place most funeral homes can improve their cashflow and borrowing power.

Cristina Terc has verified, funded and helped resolve thousands of life insurance assignments for funeral homes and beneficiaries. Life Insurance assignments are tricky, confusing and frustrating. They are also a direct attack on cashflow for every Funeral Home. Slow payments from insurance companies, requests for additional documents cause frustration and a loss of valuable time.  For more information visit http://www.trinityfuneralfunding.com/ or call Cristina at 201-750-1117.

Insurance Assignment, Case Startup made easy by Crisitna

Insurance Assignment Form, How to by Cristina

How to Assign a Life Insurance Policy to pay for Funeral Services

How to Assign a Life Insurance Policy to pay for Funeral Services?

Life Insurance assignments are tricky, confusing and frustrating. They are also a direct attack on cashflow for every Funeral Home. Slow payments from insurance companies, requests for additional documents cause frustration and a loss of valuable time. Cristina Terc has verified, funded and helped resolve thousands of life insurance assignments for funeral homes and beneficiaries. Cristina gives you a glimpse of some of the “Best Practices for Insurance Assignment Funding”. All insurance assignment and funeral funding questions are welcomed by Trinity Funeral Funding. Please share your comments about this video and feel free to contact us. 

About Assignments: Insurance Assignment Funding is a simple process where a 3rd party like Trinity Funeral Funding pays the Funeral Home the cost of funeral services through an assignment of proceeds from an insurance policy. Here’s how it works. A one page insurance assignment is completed by the beneficiary and the Funeral Director, a claim form provided by either the insurance company or Trinity, and a death certificate are sent. Trinity Funeral Funding will advise on what if any added forms are needed for each claim. Once these documents are completed the policy is verified (normally within a day or two), funds are wired to your funeral home. The payments from the insurance company are then sent to Trinity and any additional proceeds are sent directly to the beneficiary. 

For more information visit http://www.trinityfuneralfunding.com/ or call Cristina at 201-750-1117.

Taylor Funeral Home

Thank you for making our insurance assignment claims go so smoothly. We appreciate your 24hour service, getting funded the same day, and genuine care for our funeral home, Taylor Funeral Home

Friend or Foe: Assignment Funding

Friend or Foe: Assignment Funding

Do you view the competition in your particular industry as your enemy or friend? 

By being friendly and even helpful, you can learn a lot about your customers and your industry. You don’t have to invite competitors over for socializing but if you keep an open mind, you can help others and even benefit too. Who said: “Keep your friends close and your enemies closer”?  Well, if you keep your competitors close, they will often turn into your friends. 

Whether you’re a Funeral Home or Insurance Assignment Funding Company, competition is everywhere and unavoidable. After all, where there are customers, there will always be multiple companies competing for their business. But being connected to your competition is both a value to you and your market.

Let me prove this point by sharing why being helpful to others in your line of work works:

Competitors may Share Valuable Information

Your competition may be putting out articles, blogs, and other information on their website, Facebook and Linkedin sites. You can learn from that information and share it with your own network, helping you to stay up on ideas and trends.

For example, Jamie Meredith of C&J Financial recently shared a communication from Torchmark on their Insurance assignment verification processing with other funeral funding companies.  It hurt no one, and only helped to support an environment of cooperation among what some might view as “competitors”.

They Will Look for Ways to Help You

A prospect that is not the best match for your competition’s business could turn to you instead.  Just because your competition has a similar product or service, doesn’t mean it’s identical. So, if a customer is looking for an Assignment Funding Company that is closer to home, a friendly competitor might share your information and help push the potential client in your direction. 

If the relationship is mutual, perhaps you might do the same thing for them sometime in the future.

You May Need them Someday

You never know when a former rival will become a potential lifesaver.  Suppose you have a funeral assignment that is being submitted with you and another funding company, or a family that doesn’t pay their bill.  Wouldn’t you like to have a relationship where all parties can work together for a best outcome?  Or if your company needs a salesperson, your rival may be a great source for a potential candidate.

The moral of the story: It’s always beneficial to have more friends than enemies in the business world.  Believe it or not, competitors can be a valuable resource to you and your company and it’s never wrong to be nice.

About Assignments: Insurance Assignment Funding is a simple process where a 3rd party like Trinity Funeral Funding pays the Funeral Home the cost of funeral services upfront through an assignment of proceeds from an insurance policy. Here’s how it works. A one page insurance assignment is completed by the beneficiary and the Funeral Director, a claim form provided by either the insurance company or Trinity, and a death certificate are sent. Trinity Funeral Funding will advise on what if any added forms are needed for each claim. Once these documents are completed the policy is verified (normally within a day or two), funds are wired to the funeral home. The payments from the insurance company are then sent to Trinity and any additional proceeds are sent directly to the beneficiary. For more information visit http://www.trinityfuneralfunding.com/ or call Cristina at 201-750-1117.

Dignity Memorial Funeral Home

Dear Cristina and Staff, Again, we deeply appreciate all the efforts put forth on our insurance assignments.  You will never realize just how much this means to an old country funeral home to be capable of obtaining funds as quickly as Trinity responds to our needs.  We thank you and deeply praise you for all that is done on our behalf.  Please continue to great response not only for us, but for our families as well.  Dignity Memorial Funeral Home

Insurance Assignments Gone Bad

Insurance Assignments Gone Bad

As a funeral home owner, how do you determine which insurance assignment cases to take? Which ones will take months to collect and which assignments will pay short?  Which insurance policies won’t pay at all; and which ones will require a lot of time and energy to collect on?

These are questions that funeral directors face every day.  Recently we learned that a funeral home accepted an insurance assignment for $14,000; they provided the services and then found that the policy would only cover $2300.   How do you protect your funeral home?

There are many funeral home owners who reluctantly accept insurance assignments and enjoy a great batting average on collections.  Many however have grown tired of the ever changing processes insurance companies require and the delays they causes.  Some directors even discourage their families from utilizing insurance assignments at all, or only as a “last resort”.  This approach hurts business because utilizing insurance assignments is actually a big boost to business when handled correctly.  

Let’s say the cost to use a 3d party “insurance assignment funding company” costs an average of $300.00 and a funeral home received full payment for services in 2 days, prior to providing any services.  3 things happen: 1) cash flow is optimized, 2) the family will increase the services by 25-30% on average and 3) the funeral home is normally out of pocket $0.00, as nearly all funeral homes include this cost on their invoice itemized as financing or funding cost.

At Trinity Funeral Funding, our best clients have come from funeral directors who have come to realize the time and risk of taking on in-house insurance assignment funding is really not worth it.  After a short time working together, directors really appreciate having an assignment funding specialist handling this important aspect of their business.  As we near the half way point in 2016, perhaps considering an insurance assignment funding company could be a meaningful discussion to have?

About Assignments:  Insurance Assignment Funding is a simple process where a 3rd party like Trinity Funeral Funding pays the Funeral Home the cost of funeral services upfront through an assignment of proceeds from an insurance policy. Here’s how it works.  A one page insurance assignment is completed by the beneficiary and the Funeral Director, a claim form provided by either the insurance company or Trinity, and a death certificate are sent. Trinity Funeral Funding will advise on what if any added forms are needed for each claim. Once these documents are completed the policy is verified (normally within a day or two), funds are wired to the funeral home. The payments from the insurance company are then sent to Trinity and any additional proceeds are sent directly to the beneficiary. For more information visit http://www.trinityfuneralfunding.com/ or call Cristina at 201-750-1117.

Insurance Assignments are on the Rise

Insurance Assignments are on the Rise

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: 201-750-1117

"Family Retention" for Funeral Homes

Does your Funeral Home have a “Family Retention Program”?

It's more challenging today than ever to keep families happy so an effective “family” retention strategy is key when it comes to a funeral home’s success.   Death-care industry competition is fierce with big companies like SCI and other large chains setting the bar so high.  Families don't brag about funeral services unless your home gets them really excited.  How can you impress your families enough that they talk or perhaps write an online review about your funeral home, your funeral director or funeral staff? Tips:

1. Understand your customers change all the time, find ways to stay up to the minute on their expectations and needs.  Are you processing life insurance assignments for your families?
2. Include them: people will care when you share by finding ways to make each family feel like a partner.
3. Teach them: families value funeral directors that help them keep up with trends and share their wisdom.
4. Surprise them: find unique and simple ways to make a family know you really care.
5. Accept life insurance assignments: This helps your funeral home and family get paid quickly.  Insurance Assignments also encourage a higher quality funeral service.  Using an insurance assignment, your families are more confident in arranging a nicer service when utilizing life insurance assignment proceeds.

Trinity Funeral Funding relieves the headache and cash flow delay of processing Insurance Assignment claims.  We're user-friendly, fast and knowledgeable.   Available 24/7 at: 201-750-1117 or visit: TFF123.com

Facebook for Funeral Homes

Would you expect funeral directors to be shopping for a Life Insurance Assignment Funding company on Facebook?  Us neither, however, we’ve connected with many funeral homes and directors over the years on social media.  Many have even become excellent clients.
Perhaps it’s time for your funeral home to look into some features that Facebook has to offer?  “Facebook for Funeral Homes” is just a term we came up with, but perhaps there should be?

Here are a few ways your small business can get the most out of Facebook for Business:

Blueprint: Facebook’s Blueprint is a series of more than 50 free digital training sessions (and counting) accessible anytime, anywhere. Topics include A/B Testing, Brand Building on Facebook (and Instagram), Facebook Events, Facebook Terminology and more.

Webinars: Roughly every other week, Facebook holds a free, live webinar as part of its ongoing series, “Marketing Strategies to Help Grow Your Business on Facebook and Instagram.” Topics vary but often contain content valuable for small business owners, including upcoming webinar “Local Awareness Ads: The Right Place at the Right Time”. Recordings of the webinars are distributed to all registrants so you can revisit and share as needed.

Ads: Facebook for Business walks prospective customers step-by-step through the process of creating and targeting ads for Facebook or Instagram (which Facebook now also owns), as well as how to measure and refine campaigns.

Post Boosting: In the past, if a person liked your page, your posts would automatically appear in their news feed. But as Facebook has grown, the algorithm has shifted. Though your posts still appear on your own page, it’s only pushed to a fraction of your fans’ news feeds. However, you can pay to boost a post to a much wider but still extremely targeted audience.

While encouraging the use of life insurance assignments is a boost to business, we’re told that families spend an average of 25% more when utilizing life insurance than when they pay cash.  Fire away with your questions, let’s see if Trinity Funeral Funding can help you boost revenue.  www.TrinityFuneralFunding.com or call: 201-750-1117

5 Ways to Increase Funeral Home Profits

You’re families are happy with the services you provide.  You help create beautiful send-offs for their loved ones.  You’ve handled the arrangements, transportation, clergy, insurance assignment funding and many other concerns.   So why is your funeral home having cash flow struggles or worse, have your profits fallen?  Here are 5 common cash-flow killers.  Your funeral home can address these profit areas and also keep your service levels to your families high.

1. Review Your Prices

None of your costs go down, correct?  Why should your pricing remain flat or go down?  Yes, easier said than done.  But here are a few tips: increase your product offerings.  Provide added choices for burial services, head stones, monuments, caskets.  Pass your cost of life insurance assignment funding on to your families.  Most funeral directors pass along the cost of funeral assignment funding and claim filings, anywhere from 3% to 6% to cover assignment funding benefits.

Solution: Review and adjust your rates every year. Pass your cost of Assignment Funding on to your families.

2.  “Extras” Cost Your Funeral Home

During a funeral service, your beneficiary says, “We’re happy with the burial services. It would be great if you would just do this one extra thing”.  You want your family to be happy, and you’re so close the finish line, so you do add “one small extra thing” at no additional cost. But it still costs you time, and potentially other resources and expenses. That comes out of your profit.

Solution: Include a line item for add-ons in your funeral bill. Tell your client, “No problem, we’ll add a small additional fee to your funeral services invoice.”

3. Avoid Death by 1,000 Cuts

Until banned in 1905, death by 1,000 cuts was a slow form of execution and torture in China. Small expenses in your business can have the same impact. Small expenses seems irrelevant, like that first or second small cut. They add up, and can bleed your profits dry.

If your expenses aren’t tracked, and included in your billing, then they will be paid for out of your profit.

Solution: Track of all your business expenses, have your bookkeeper help.

4.  Check Every Invoice (Yours too)

Discrepancies can cost you a lot of profit. Make sure you don’t overpay for someone else’s billing mistakes. Likewise, review each funeral invoice you generate.  Review it for errors and possible out-of-pockets that may have been missed.

Solution: Verify all your invoices in detail before paying. Verify all Funeral Service bills before providing to your beneficiary.

 5. Take Action Now

Not all cost cutting and revenue increasing measures can be implemented at once.  However, it’s time to take action. Pick one item to embrace within a week. Celebrate your success, and then move on to the next item. In a few months your funeral home can increase profits by addressing: assignment funding costs, adding line items for added services, reducing costs, stop giving away so many services for free and tighten up how you run your funeral home.  None of these measures should reduce the high level of service you provide.

Insurance Assignment Funding

Insurance Assignment funding is a simple process where a 3d party like Trinity funds the cost of your funeral services through an assignment of proceeds from an insurance policy.  Here’s how it works.  A 1 page insurance assignment is completed by the beneficiary and the Funeral Director, a claim form provided by either the insurance company or Trinity and a death certificate.  There are times where a funeral bill is needed as well.  Trinity Funeral Funding will let you know what is needed for each claim.  Once these documents are completed the policy is verified (normally within a day or two), funds are wired to your funeral home.  The payments from the insurance company are then sent to Trinity and any additional proceeds are sent directly to the beneficiary.  For more information visit http://www.trinityfuneralfunding.com/ or call Scott at 201-750-1117.

Small Estate Affidavit with Insurance Assignments

Small Estate Affidavit for Insurance Assignments

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• Published on December 2, 2015

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: Trinity Funeral Funding

Insurance Assignment documents, where to send at Trinity Funeral Funding

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 notarized.

These insurance assignment situations can get confusing and the insurance companies take a very close look at insurance assignments where named beneficiaries are deceased.  Be careful and make sure you have an experienced funeral funding company quarterbacking your life insurance assignments.

Let Trinity verify and fund your life insurance assignments, we’ll treat you like family.  www.TrinityFuneralFunding.com or call: 201-750-1117

Insurance Assignment Funding is a simple process where a 3rd party like Trinity Funeral Funding pays the Funeral Home the cost of funeral services upfront through an assignment of proceeds from an insurance policy. Here’s how it works. A one page insurance assignment is completed by the beneficiary and the Funeral Director, a claim form provided by either the insurance company or Trinity, and a death certificate are sent. Trinity Funeral Funding will advise on what if any added forms are needed for each claim. Once these documents are completed the policy is verified (normally within a day or two), funds are wired to your funeral home. The payments from the insurance company are then sent to Trinity and any additional proceeds are sent directly to the beneficiary. 

For more information visit http://www.trinityfuneralfunding.com/ or call Kathy at 201-750-1117.