Funeral insurance?

[Oakie]

Thinking about getting Funeral Insurance as there's a fair chance I'll die eventually.

Comments from those who have explored this or done it please.

[Virago]

My mum looked into it. In the end she decided to take the pre-paid funeral option instead with our "family" undertaker.

It's surprising how many people mix up the two options. They take out insurance and think they can withdraw later and get a refund. Or stop paying premiums when they reach the cost of a funeral.

[Oakie]

My mum looked into it. In the end she decided to take the pre-paid funeral option instead with our "family" undertaker.

It's surprising how many people mix up the two options. They take out insurance and think they can withdraw later and get a refund. Or stop paying premiums when they reach the cost of a funeral.

Yep, the $20 a week is fine while I'm working but when retirement happens am I still going to be able to meet that comfortably? Yes for the first few years but the longer I live, the harder it'll be I guess.
I'm looking at all options but also considering just putting money into a suitably accessible account which i can just build up to a good amount and then leave on a term deposit for when needed. Accessibility is the key though.

[Hitcher]

Insurance is where you contract to pay an insurance company more than you will get in return. You only win if you die young.

[Oakie]

Insurance is where you contract to pay an insurance company more than you will get in return. You only win if you die young.

Genes are against me winning. Males in my family tend to get to mid 80s.

[SPman]

When I die, someones got to bury me.....or throw me on the bonfire or whatever - I'm a selfish sod and by then I'll be beyond caring. Let people be creative in the method of my disposal, I say, preferably on the cheap!

[jellywrestler]

Thinking about getting Funeral Insurance as there's a fair chance I'll die eventually.

Comments from those who have explored this or done it please.

why bother, no-one yet has been left above ground cause they didn't have it

[awa355]

I'm going to get shot by someone's husband when I'm 70, so hopefully ACC will be coughing up.

[gsxr]

For what my opinion is worth
If you are concerned about your send off then just put 10 bucks a week in a separate account at the bank.
If you get insurance and for what ever reason you stop paying your money is GONE never to be seen again
No one is left rotting away on this earth because they cant afford to pay.
If you have assets the estate will eventually pay for your send off so why line the pockets of someone else
Just saying

[Oakie]

why bother, no-one yet has been left above ground cause they didn't have it

Solely to avoid my daughters having to front up with the cash. It's my last gift to them. (Apart from the proceeds of my estate of course). Besides, there is something I want done as a memorial that'll cost a few dollars.

[jellywrestler]

Solely to avoid my daughters having to front up with the cash. It's my last gift to them. (Apart from the proceeds of my estate of course). Besides, there is something I want done as a memorial that'll cost a few dollars.

my olds wnated to pay for their funerals, i said quite clearly they paid for all of our upbringing and we'll get whatevers left when they're gone it would be an insult if we couldn't cough up a few quid to pay for this.....

[Berries]

Solely to avoid my daughters having to front up with the cash. It's my last gift to them.

Just bung them 500 bucks and a shovel each for Xmas.


Job jobbed as they say.

[Oakie]

Just bung them 500 bucks and a shovel each for Xmas.

Box of matches and 5 litres of petrol in my case.

[gsxr]

Solely to avoid my daughters having to front up with the cash. It's my last gift to them. (Apart from the proceeds of my estate of course). Besides, there is something I want done as a memorial that'll cost a few dollars.

Invest what you can afford then and reap the benefits. Investing in MOST life insurance, pet insurance, accident insurance ,loss of income insurance, funeral insurance unless you get unlucky/ lucky to me is all a watse someone is getting rich off you. House and contents and car bike boat plane insurance is a different ball game . However you can always take that gamble not to have them as well . However I wont take those gambles.

[Moi]

Solely to avoid my daughters having to front up with the cash. It's my last gift to them. (Apart from the proceeds of my estate of course). Besides, there is something I want done as a memorial that'll cost a few dollars.

So, sit down and talk with them about. Perhaps put the money aside for the "special thing", and then see if you need to do any more. Your estate will cover the costs...

But basically I'm with jellywrestler on this...

and don't waste your money on funeral insurance...