West Des Moines, Iowa —Homesteaders Life Company, a national leader in pre-need funeral funding, has announced a new partnership with ClearPoint Federal Bank & Trust as sole trustee for Homesteaders’ Assurance Trust® products.
“ClearPoint’s dedication to the funeral profession matches our own, as does their commitment to honoring their financial obligations and maintaining good business practices,” explained Homesteaders Chairman, President and CEO Steve Lang. “When we considered partnering with a new trustee, it was important to find a partner who would share our unwavering commitment to the funeral profession.”
The Homesteaders Assurance Trust® offers the combined benefits of insurance and trust funding options such as higher growth and a limited investment risk. The new partnership expands Homesteaders’ trust offerings, including improvements to current products as well as the possibility of offering the Assurance Trust® in more states.
“We are looking forward to our new partnership and believe it will provide additional value to our funeral home partners,” explained Homesteaders COO Steve Shaffer, noting that ClearPoint is equipped to offer enhanced product features as well as a streamlined state reporting process.
ClearPoint President George Junker affirmed this view. “Like Homesteaders, we are dedicated to providing innovative products and services and offering the best options, the best value and the best service with the most simplicity.”
The Homesteaders Assurance Trust® is currently available in Alabama, California, Georgia, Illinois, Indiana, Mississippi, Missouri, Ohio, Pennsylvania and Virginia with plans to add more states by the end of the year. For more information about the Assurance Trust® products, contact your Homesteaders account executive or call customer service at 800-436-6110.
Homesteaders Life Company is a national leader providing products and services to promote and support the funding of advance funeral planning and end-of-life expenses. Visit homesteaderslife.com to learn more.
ClearPoint Federal Bank & Trust is a federally chartered savings bank based in Batesville, Ind., and is dedicated solely to the funeral home and cemetery industry. Independently owned and operated, ClearPoint has provided customized funeral home and cemetery trust services since 1998, and is now serving clients in over 40 states. Visit clearpointfederal.com to learn more.