The insurance industry in the United States is the largest in the world in terms of revenue generator. Since 2011, the annual revenue of the industry, known as insurance premiums, exceeded the $1.2 trillion mark. Insurance premiums have grown at a modest pace after a dip in 2009 due to the financial crisis, which the industry navigated in a resilient manner.
The first ever life insurance company in the United States was the Presbyterian Ministers Fund. It was established in 1759 in Philadelphia and was specifically created to assist Presbyterian widows and orphans. The industry has since grown and now includes many more policies and a total asset value of around 7 trillion dollars. The industry contributes close to 40% of the GDP of financial institutions and employs more than 2 million people.
When it comes to funeral services, the life insurance business helps families cope with its expense. While it looks out for cost and budget, there must be a company with the motive to relieve pain and provide comfort to people who have just lost their loved ones. While there is no way to avoid intense feelings of grief, there are healthier ways to come to terms with your loss.
Whether it’s a close friend, parent, spouse, or child, the death of a loved one can be quite overwhelming. A wave of intense emotions ranging from emptiness, profound sadness, numbness, regret, guilt, or despair to shock can be devastating for some people to experience at the same time. However, grief is not limited to just emotional responses. Grief over losing someone special can trigger extreme physical reactions as well, including difficulty sleeping, loss of appetite, weight loss, physical pain, or headaches. All these issues add up to the person’s distress and depression.
In order to help people, cope with their sadness, Kyle George founded Ever After Memoir. The objective of the company is to keep the memories of the people, who have left this world, alive. In order to do so, it has carved some amazing ways to re-live the memories of those who have departed. It has enabled users to record meaningful messages and videos for their relatives and friends so that they could have something to hold on to.
Ever After Memoir serves the mission to help families go through a process of transition after losing a loved one. It helps them remember the best memories of their loved ones. It’s a bitter reality that as much as we would like to remember the person we lost, it’s hard to not let their memories fade away. To avoid such incidences, Ever After Memoir offers its platform to people where they can preserve the memories.
The company was born out of necessity. George wanted his daughter to remember how much he loved her in case anything happened to him, as he knows how difficult it can be to recall people after they pass away. Intending to help people cope with the loss of their dear ones, the company has provided an option to listen to departed ones’ pre-recorded messages and watch pre-recorded videos whenever you want. This proved the company to be a great initiative in terms of memorial services.
The business structure of the company is designed with the intention to help families remember their loved ones, by keeping their memory alive. The motive of the company is loved and appreciated by millions of people worldwide. This has proved the company to be quite lucrative and it is projected to be worth 80 million dollars in the next five years. There is no doubt that Ever After Memoir can become the next big thing by adding its services to the funeral business and more importantly, the insurance business.
