Funeral Home Debt vs Insurance Assignments

Funeral Home Debt vs Insurance Assignments

If your funeral home has a credit line or high interest financing and is not encouraging life insurance assignments, you’re missing a big opportunity.  Insurance Assignment Funding allows a Funeral Home owners to collect payment before they perform any services!  This means you have the power of your cashflow at your fingertips.  Insurance Assignments is a great way to collect payment for funeral services upfront without pressure on your families.  And accepting insurance assignments should not cost your funeral home money.   Not being the bank for your families, while reducing your administrative costs will increase your cash flow and profit.  A 3d party funeral funding company can show you how this all works.  Imagine turning you accounts receivable into cash and being able to either use that cash to grow your funeral home, or reduce your credit line or other debt.

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 Cristina at 201-750-1117.