For advisors who don’t think they’re business is being disrupted, this should be a real eye-opener—forgive the pun: The director of the Funeral Consumers Alliance recently posted about to get a “send-off” that fits your taste and budget.
Joshua Slocum, who leads FCA, “a nonprofit organization dedicated to protecting a consumer's right to choose a meaningful, dignified, affordable funeral,” offers a breezy read into planning a funeral, and the information is, well, to die for.
Slocum says a funeral doesn't have to cost $10,000, and cites a federal law saying funerals homes must give price quotes by phone, give you a printed, itemized menu of prices right at the beginning of any talk about arrangements, and accept a casket you bought elsewhere or made yourself without charging a fee.
“Except for folks who have to "spend-down" to qualify for Medicaid, prepayment isn't usually in your best interests,” says Slocum.
While the cost of a funeral is something advisors should know about, the post illustrates how even the most taboo businesses are being disrupted by the transparency of the Web. Fopr financial advisors who don't see that happening are in denial.
And, by the way, please let me know if you would like Slocum as a speaker at one of our webinars.
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