OGR

OGR’s FAST FUNDING® Insurance Assignment
Program & Quarterly Rebate Benefit

 

 

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.

C&J is honored to have been selected by the International Order of the Golden Rule as a Golden Services Supplier for insurance assignment funding. We are pleased to offer OGR funeral home clients and their families an exceptional opportunity to process and fund their insurance assignment claims.

As an Owner/Operator of an independent funeral home 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 45 days. Unfortunately, some assignments can take several months depending on the status of a death certificate with pending medical examiner and or police reports.

OGR’s FAST FUNDING® Insurance Assignment program eliminates the hassle and cash flow delay associated with insurance assignments by funding your claims within 24 hours of verification of benefits. Filing claims is as EASY as pushing a button. Once your account has been established simply log in to your Assignment Funding Management System select Submit a New Claim and fill out the information of the deceased. C&J’s Document Preparation Program then prepares the documents needed for the claim. Have the beneficiary sign them and upload, email or fax them to C&J.

As soon as the status of the insurance policy is determined and the amount of benefit is verified, payment is made to the funeral home or cemetery. 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.

FAST FUNDING® Benefits

• Eliminate Accounts Receivable
• Reduce Administrative Costs
• NO RISK to you – Non recourse funding
• Funding within 24 hours of verification
• Web based claims submission process
• Death Certificate not required prior to funding

• Increase your average sale by up to 31%
• Payments wired directly into your operating account
• OGR member discount funding rate – 3.9%
• Quarterly Rebates based on volume*
• Beneficiary Cash Advances available
• Same rate for individual and group policies

Here’s what other OGR Members are saying…

Jeffrey S. Wages
Past President of OGR – President of Wages & Sons Funeral Homes
"I was on the board of OGR when C&J became an Endorsed Supplier and their company looked very impressive. Immediately we started using C&J at our funeral homes and it has made a tremendous impact on lowering our accounts receivable. We have found that most families are happy to pay the small fee so they can use their insurance policy and don’t have to come out of pocket for their funeral expenses. They are really pleased to find out that if they need funds above the funeral amount C&J can fund that as well. C&J has worked extremely well for our firms and we highly recommend C&J to any funeral home looking to lower receivables and eliminate the hassle with insurance companies."
Ann McDonald
Vice President – McDonald Funeral Home, Inc.
"C&J Financial has made a world of difference to McDonald Funeral Home in Picayune, MS. We had tried other financial groups but they had restrictions on what policies they would pay out. Example: No Group Policies. We are paid for the full price of the funeral usually within 2 working days. The families are glad to pay the fee instead of coming up with the total funeral bill at the time of arrangements. I can’t say enough about how much we appreciate C&J Financial! They have been a God Send for McDonald Funeral Home!"
Charles E. Davis
Owner – Chas. E. Davis Funeral Home & Cremation Services
"My activity with C&J is small because we do not take insurance assignments except on a “have to” basis. However, when we do, we appreciate the prompt payment once the underwriting is completed. Additionally, we have absolutely no objection from families when we explain the assignment fee for your services."

Why Wait?

Click here to submit New Account Set Up information and preferred method of payment or fill out the form below for more information.

*OGR Quarterly Rebate Shedule

 

Eligible Assignments (per calendar quarter) Volume Rebate % OGR Member Firms Special Funding Rate Effective Funding Rate
Less than $50,000 0.00% 3.90% 3.90%
$50,000 TO $99,999 0.10% 3.90% 3.80%
$100,000 TO $249,999 0.25% 3.90% 3.65%
$250,000 OR MORE 0.40% 3.90% 3.50%