ASD
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Do you prefer families pay for your goods and services by cash, check, or credit card?
Most funeral homes and cemeteries do. It is certainly understandable, cash in hand keeps your business running smooth. Not to mention the hassle and headaches involved with insurance assignments. It is not uncommon for funeral homes and cemeteries to guide their families, consciously or unconsciously, to pay according to the preference of the business. What effect does this have on your bottom line? Check out this one minute video:
This is where C&J Financial can help.
As an Owner/Operator of a funeral service company, you understand the need for immediate payment of services when they are rendered. Accepting insurance assignments provides a valuable payment option for you and the families you serve. However, accepting assignments can be costly and time consuming to you and your staff. The average time to collect on an assignment is typically 30 to 60 days. Unfortunately, some claims can take several months depending on the status of a death certificate with pending medical examiner and or police reports.
Even 30 to 45 days to collect on an assignment can cost you hundreds of dollars in time, effort and not to mention the actual cost of your funds to finance the funeral for the time period until payment is made by the insurance company. If you are ready to get out of the funeral financing business there is a better way!
C&J’s FAST FUNDING® insurance assignment program is designed to pay your firm within 24 hours of verification of benefits. The fees can be included in the assignment and taken out of the life insurance proceeds allowing you up front payment and no cost to your firm with no out of pocket expenses to the family.
FAST FUNDING® Benefits
• 30 DAYS OF FREE FUNDING (up to $25,000)
• Reduce your monthly ASD bill*
• Minimal paperwork – many assignments only require 1 signed document
• Payments wired directly into your operating account
• Revolutionary Assignment Funding Management System
• Funding rates from 3.8%*
• Eliminate Accounts Receivable
• Reduce Administrative Costs
• NO RISK to you – non recourse funding
• Funding within 24 hours of verification
• Quarterly Rebates based on volume*