ORIGINALLY PUBLISHED: February 2024
LAST UPDATED: June 2026
By Rae Torres, Client Success Manager at Claimcheck
As a funeral professional, you do so much for the families you serve.
You plan meaningful services, guide them through some of the hardest days of their lives, and support them in their grief.
All because you genuinely care.
But you also deserve to be paid for the work you do and the care you provide.
When you process insurance assignments in-house, you open your funeral home up to a lot of financial risk: delayed payments, denied policies, and money sitting in accounts receivable instead of your bank account.
The good news? It doesn’t have to be that way.
With a few simple steps, insurance assignments can help your funeral home’s bottom line instead of hurting it.
Keep reading to find out how!
1. Offer insurance assignments to every family
A funeral consumer study found that families’ biggest concern when planning a funeral is the cost. One of the best ways to address and ease families’ concerns is to offer the option of insurance assignments up front.
Insurance assignments relieve families of the stress of paying for funeral services out of pocket. And when families aren’t worried about the cost, they can move forward with peace of mind knowing they can afford the service they want without the financial burden.
Plus, we’ve found that funeral homes that introduce insurance assignments during arrangement conferences see a 30% increase in their at-need contracts. That’s a win-win for families and your funeral home!
2. Avoid risk with the right partner
Some funeral homes still process insurance assignments in-house without realizing how much it’s truly costing them. Processing insurance assignments can drain your staff’s time, delay payments by six weeks or more, and put your bottom line at risk.
There’s a better way.
By partnering with the right insurance assignment partner that offers 100% risk-free verification, quick and easy funding, and an accessible support team, you can avoid the risks while enjoying the benefits of insurance assignments.
3. Present prearrangements to everyone
As a funeral home owner, you likely want to grow your business and protect your future. Insurance assignments can help you do that!
With the right insurance assignment partner, you have the option to offer your families advanced payment on a portion or all of the remaining policy benefits. This gives you the perfect opportunity to discuss prearrangements with families! And with money in hand, more families are willing to plan ahead and protect their loved ones from having to make difficult decisions in the future.
When you use insurance assignments to present prearrangements, you can grow your preneed business and secure future revenue for your funeral home.
Grow your business and better serve families with insurance assignments
With the right partner by your side, insurance assignments can be a game-changer for your cash flow.
The right partner will improve your cash flow, free up hours in your day, and help you offer families a smoother, more compassionate experience. Instead of worrying about paperwork and delayed payments, you and your staff can focus on what matters most: serving families well.
Ready for less stress, stronger cash flow, and a healthier business?
Click here or fill out the form below to learn more about Claimcheck!