Pre-Need Part 1

Unless you’ve been living under a rock, you’ve probably heard about the senate and congressional hearings about the state of the pre-need industry.  The crux of the matter being that a group of pre-need companies have signified the very real danger of them being unable to pay the benefits theypromised unless the government gives them help either in the form of relaxed regulations or an outright bailout.  For the most part, they have pointed to the ongoing global financial crisis as the culprit behind the erosion of their companies’ trust funds.  Now, on the surface, that seems like a reasonable argument as everyone is suffering from it but if you just dig a little deeper, I believe that you will agree with me in saying that most of the problems currently facing the pre-need industry were of their own creation.  Why?  Consider the following…