Selected Independent Funeral Homes
Selected’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:
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. As a member of Selected you receive a NO RISK – FREE trial. During your first 30 days C&J will fund up to $25,000 in assignments absolutely free! The trial period will begin on the day you submit your first claim. Here are a few additional benefits of using C&J:
FAST FUNDING® Benefits
• NO OBLIGATION 30 DAY FREE TRIAL
• Eliminate Accounts Receivable
• Reduce Administrative Costs
• NO RISK to you – Non recourse funding
• Receive payment within 24 hours of verification
• Web based claims submission process
• Death Certificate not required prior to funding
• Increase your average sale
• Payments wired directly into your operating account
• Discount funding rate of only 3.9%
• Quarterly Rebates based on volume*
• Beneficiary Rapid Cash available
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Want to learn more?
Click here to receive all the details and find out how FAST FUNDING® can profit your firm!
Here’s what other Selected Members are saying…





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Selected Member Quarterly Rebate Schedule
Eligible Assignments (Per Calendar Quarter) | Volume Rebate % | Selected Members Special Funding Rate | Effective Funding Rate Paid |
---|---|---|---|
$0 TO $24,999 | 0.00% | 3.90% | 3.90% |
$25,000 TO $49,999 | 0.10% | 3.90% | 3.80% |
$50,000 TO $99,999 | 0.15% | 3.90% | 3.75% |
$100,000 TO $249,999 | 0.30% | 3.90% | 3.60% |
$250,000 OR MORE | 0.40% | 3.90% | 3.50% |