Is there an App on the market like the Senior Life App?

[theinsuranceman]

I have.. I posted what a local funeral what a local funeral home charges.. In fact, in my county, the GPL is even less. If I can get the same products from my funeral home for $3200 then I know buying it from LA for $3500 is not saving me money..

Maybe not today. How about in 5 years?

 

[LostDollar]

.... they can flush them down the toilet if they want to.

Now there's an interesting commentary on family relationships.

 

[rousemark]

Maybe not today. How about in 5 years?

Who knows? I am referring to your oft made statement of an immediate savings of $3500.00 .. Only in Obama math does that hold up..

 

[Newby]

Now there's an interesting commentary on family relationships.

I actually had a customer that clogged her toilet up flushing her husband's cremains. She actually had to call a plumber.

I've delivered a lot of cremains to families through the years. And it's funny how different people react differently. Some people handle them like they're holding a newborn baby. The next person will literally toss them in the dumpster.

I had a family member that was married to her husband for over 63 years. She tossed hers in a dumpster the same day that she received them. When she told me that and I'm sure I had a look of shock on my face she just said what else would you do with them? Like it was the most normal thing in the world. I guess to her it was.

 

[myinsurebiz]

I chose not to sell for SL because of the LA requirement to get basic commissions.

If they ever change that - I would sell SL products more.

 

[goillini52]

Greg, I have to respectfully say...you have lost your mind. There is no way (Zero Way) that they are buying the caskets for each person when they buy the policies. They buy caskets today to handle this years deaths. That is normal.

If you think 50 year old Mary Smith buys a policy today and they go out and spend $800 ($800/that they don't get until she dies) buying her casket and are going to store it in a warehouse for 40 -years until she dies at age 90 and then ship it to her funeral home, I have some prime INDIANA beach-front property I am going to let you in on.

If there was even a slight chance that would be true, do you know what caskets stored for 40 years in a non-climate controlled warehouse would look like? Just watch any episode of American Pickers and look at any 40 year old sheet metal thing-o-ma-bob looks like. It looks like a tetanus farm!

No Greg, the only legit way that you, me, Legacy Assurance, or anyone else can guarantee today's price for any item that will be delivered 20, 30, or 40 years in the future is to invest the money to hedge against inflation. When companies set up a program like LA has in which they don't receive the money until time of death, and the insurance company is selling a fixed benefit policy, (not one that grows like a true funeral PreNeed policy does) history has shown that it will crash and burn every time. It takes quite a few years so the insurance company can make out like bandits in the mean time.

Look at the history. Look up the old Browns burial plans. Look up Commonwealth. Look at the Huff-Cook Burial Association. Look at the AmVets sponcered Celestial Burial Case. These were all houses of cards that promised goods later at a cost quoted when they bought their policies. All worked fine as long as people died soon enough after they bought the policy. But as the years went by and inflation was unavoidable, they all crashed and burnt.

I hope I'm wrong Greg. Only time will tell. But I predict that after a couple of decades of leveraging this "benefit" to sell life insurance policies that are on the higher priced side of the niche, LA will quietly go out of business and everyone's guarantee will do exactly as the contract says. Nothing. No recourse for the consumer. They will simply get the death benefit that they bought. Nothing else.

The Indiana beach front property at Indiana Beach would probably bring a pretty penny.

 

[Mattschmidt]

I chose not to sell for SL because of the LA requirement to get basic commissions.

If they ever change that - I would sell SL products more.

You dont sell any products

 

[goillini52]

I actually had a customer that clogged her toilet up flushing her husband's cremains. She actually had to call a plumber.

I've delivered a lot of cremains to families through the years. And it's funny how different people react differently. Some people handle them like they're holding a newborn baby. The next person will literally toss them in the dumpster.

I had a family member that was married to her husband for over 63 years. She tossed hers in a dumpster the same day that she received them. When she told me that and I'm sure I had a look of shock on my face she just said what else would you do with them? Like it was the most normal thing in the world. I guess to her it was.

I told my mom that we're going to have her stuffed, then all 6 kids get her for 2 months each on a rotating basis.

What does it cost to stuff an old woman?

 

[goillini52]

Depends on what the local funeral homes are charging. Come on Rouse, put on your thinking cap...lol.

Here you go, now you can find out.

Compare Funeral Homes | Parting

 

[rousemark]

Here you go, now you can find out.

Compare Funeral Homes | Parting

All in my area were in the 4800-5800 range. Everyone stated average casket 1500, vault 1000. That leaves 1000 for a marker.