According to a comprehensive research report by Absolute Markets Insights, “Global Pre-Need Death Care Market” projected to grow at a CAGR of 4.3% during the period of assessment, 2021-2030 and global Pre-Need Death Care market is estimated to reach a market valuation of US$ 41.17 Mn by the end of 2030. This informative data has been scrutinized by using effective exploratory techniques such as primary and secondary research methodologies. Different dynamic factors of the businesses have been elaborated to get a complete and detailed description of changing variables.
Different models have been studied by analysts, which helps to identify the risks and challenges in front of the businesses. Apart from this, it offers applicable data of various key segments and sub-segments of the Pre-Need Death Care Market.
The key market players profiled in the report include Columbian Mutual Life Insurance Company, Funeral Directors Life Insurance Co., Funeral Services, Inc., Funeralwise, LLC, Global Atlantic, Homesteaders Life Company, Investors Heritage Life Insurance Company, PRECOA, Security National Life, Texas Service Life Insurance, United Benefits, Inc., United Heritage Life Insurance Company
Browse In-depth Market Research Report on Pre-Need Death Care Industry: https://www.absolutemarketsinsights.com/reports/Pre-Need-Death-Care-Market-2019-2027-364
Worldwide rising deaths due to the growth in incidence of severe diseases is the prime factor driving the market growth. Pre-need death care is a service whose benefits cover the cost of the predetermined expenses of a funeral, cremation or burial services. The expenses typically include standard funeral home services, funeral merchandise, church services and even burial services, and merchandise. Different types of services offered under pre-need death care include insurance, funeral trust, marketing and coaching and recruiting.
The insurance services currently account for the highest share of the global pre-need death care market owing to the funding received from various insurance accelerators. For instance, in January 2019, Global Atlantic Financial Group invested in global insurance accelerator to assist in the innovation & technology development. Lump sum or monthly payment options are offered by many insurance services, thus offering customers convenient options to choose specifically. The funeral trust segment is expected to grow at the highest CAGR during the forecast period mainly due to specialized services offered by them, which provide tax benefits & also combine few insurance benefits.
Segmentation of Market covered in the research
By Services
- Insurance
- Lump Sum
- Monthly Pay
- Funeral Trust
- Marketing
- Coaching and Recruiting
By End User
- Cemeteries
- Funeral Homes
- Memorials
- Individuals
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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