One of the many issues facing regulators in the Clayton Smart debacle was the surrender of thousands of Forethought life insurance policies by a Forest Hill preneed trustee. New light will probably be shed on this issue with revelations that Robert Nelms and Clayton Smart may each have been using the same financial management company: Security
Preneed
NPS – Pushing the Envelope
By Bill Stalter on
Posted in Preneed
The Funeral Monitor and the Funeral Service Insider write to different segments of the death care industry, and rarely report on the same topics. So when each makes National Prearrangement Services their lead story in late January, readers should take notice.
NPS is a company that has always pushed the envelope. With preneed laws as…
Non-guaranteed Preneed – The Hurdles
By Bill Stalter on
Death Care trade publications such as the Funeral Service Insider and the FuneralWire advocate that funeral homes revisit the non-guaranteed preneed contract. I agree that funeral homes should reconsider the non-guaranteed preneed contract, but for reasons different from those expressed by other authors.
The non-guaranteed preneed contract affords flexibility and portability to the individual who wants to do more…
Get Smart! The Missing Fiduciary
By Bill Stalter on
The Clayton Smart debacle has been, and will continue to be, the subject of articles calling for preneed reform. A recent AARP article titled R.I.P. Off will be one of the more controversial (leading to frequent citations by consumer advocates). While the article is biased and should be rebuked by the death care industry for its various…