Now a Virginia Funeral Directors Association Preneed Problems-YourFuneralGuy.

15 Apr

Virginia has a Preneed Problem like many States around the Country. The Virginia Funeral Directors Association has close ties to the preneed company in "Receivership"

Virginia has a Preneed Problem like many States around the Country. The Virginia Funeral Directors Association has close ties to the preneed company in "Receivership"

Preneed or Prepaying a Funeral  seems to be  finding trouble everywhere in the USA. Not only do we have an (IFDA) Illinois Funeral Directors Association Scandal, We Have a Virginia Funeral Directors Association situation as well.

The Virginia Funeral Directors Association Board voted Shenandoah life insurance Company as the preneed company of choice.

AVirginia preneed insurer Shenandoah Life Insurance Co. has been placed in receivership by the circuit Court for the city of Richmond.  Sadly this insurer is still being touted at the VFDA website.

With this situation you would think the Virginia Funeral Directors Association would at least take Shenendoah Life down from their website.  The problem with Shenendoah is that their is a declining value of assets and there is a question whether preneed contracts will be covered.

According to the Shenandoah Life Insurance Website

“On February 12, 2009, pursuant to Title 38.2, Chapters 10 and 15 of the Virginia Code, the Circuit Court for the City of Richmond issued an Order that appointed the State Corporation Commission of the Commonwealth of Virginia as Receiver of Shenandoah Life.”


Receivership is a protective measure established under Virginia law to protect policyholders in the event an insurer experiences financial difficulty……Shenandoah Life and the State Corporation Commission determined that the receivership was necessary to protect the interests of policyholders and creditors.”

Receivership documents are here

In Virginia there  appears to have  been  no attempt to keep information from funeral directors, policyholders, the public or the media as is the case with the Illinois Funeral Directors Association and the “IFDA Preneed Trust.”

Maybe the Comptroller in Illinois, “Dan Hynes” should consider

“Receivership” as a possible solution for the IFDA

Preneed Trust Ponzi Scheme.


These kind of situations should make it clear to the consumer to steer clear or away from Preneed and prepaid funerals.


Funeral Industry| Funeral Costs Blog by Your Funeral Guy

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