Golden Consideration

C&J’s FAST FUNDING® Insurance Assignment Program for Golden Consideration Partner Firms

 

 

IF A FAMILY HASN’T ALREADY PRE-PLANNED WITH YOUR FIRM, WHAT PAYMENT METHOD DO YOU PREFER?

As the #1 provider of Assignment Funding in North America, C&J Financial is proud to partner with Golden Considerations, the premier funeral insurance and funeral trust organization in the nation. Through our partnership, we have created a simple and easy solution for Golden Consideration partner firms to eliminate the hassle and cash flow delays with processing traditional life insurance claims.

Check out this one minute video:

Families Who Use Cash, Check, or Credit Cards to Pay for Funeral Services Spend on Average 31% Less Than Families Paying with Life Insurance!

This data is based on a study with more than 700 of our client firms in 2015. The value of a truly cashless transaction allows the family to purchase the goods and services they want rather than having to rely solely on the funds available in their bank account or on their credit cards.

In a 2012 NFDA Survey published in The Director Magazine, insurance assignments accounted for just 15.9% of how families actually paid for their funerals. However, 70% of American families own some type of life insurance according to 2015 statistics from the American Council of Life Insurers & LIMRA International.

By adjusting your payment policy and encouraging more families to pay with life insurance you can create a better experience for your families and become more profitable without increasing your call volume.

Adopting this strategy doesn’t come without pitfalls. You must consider if it is worth…

• Dramatically increasing your accounts receivables and stifling your cashflow
• Decreased productivity as more staff and more time is needed to manage these claims
• Cost of capital – If it’s not in your account or you are not earning interest your money is not working for you.

This is where C&J Financial can help.

With our insurance assignment funding and verification services we can allow you to realize these gains while decreasing your accounts receivable, increasing cash flow, streamlining the claims process to increase productivity, and allow you to stop being a bank.

As soon as the status of the insurance policy is determined and the amount of benefit is verified, payment is made to your firm. This is typically a 24 to 48 hour process from the funding request to receipt of funds versus waiting weeks or months to receive payment.

C&J will fund your families’ life insurance assignments for only a 3.98% discount. The fees can be included in the assignment and taken out of the life insurance proceeds allowing you upfront payment at no cost to your firm with no out of pocket expense to the family! Here are a few additional benefits of using C&J:

FAST FUNDING® Benefits

• NO RISK – NON-RECOURSE FUNDING to your firm
• FAST – Payment within 24 hours of verification
• SIMPLE – many assignments only require 1 signed document
• EASY – submit, track and manage claims through any web-enabled device
• TRUSTED – #1 provider of insurance assignment funding in North America

• Eliminate Accounts Receivable
• Death Certificate not required prior to funding
• No minimum funding fees
• Beneficiary advances available

Why Wait?

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