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Thread: Funeral insurance

  1. #46
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    18th February 2005 - 10:16
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    Quote Originally Posted by pete376403 View Post
    Of put it into Lotto tickets, you probably won't win it back, but you just might.
    Bonus Bonds are still a thing if you want a chance to win big and still keep your money.
    Grow older but never grow up

  2. #47
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    7th September 2009 - 09:47
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    Quote Originally Posted by pete376403 View Post
    Got a quote from Momentum Life for funeral and accident cover today (they advertised on Facebook, I entered a few details and got a call back within minutes). Sounded good over the phone but I requested a written quote. it really is a rip - I'm 65, the quote was for $6K funeral, $18K accidental death or $12k serious injury. Weekly premium is $13.81. No premiums payable after age 85. The gotchas - I have to pay 20 years at $13.81 /week ($14362) to get a $6k funeral, the accident insurance ceases at age 70, there is no payout for the first 2 years other than what i've paid in - leaves a pretty narrow window of 3 years where they will pay the accident component.

    I was pretty sure this as how it was going to play, but getting a quote was necessary to get real figures.

    Bottom line, as others have said, put the same money into a savings account AND get a bit of interest as well. Of put it into Lotto tickets, you probably won't win it back, but you just might.
    $6k is a no frills funeral.

  3. #48
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    3rd February 2004 - 08:11
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    Quote Originally Posted by jasonu View Post
    $6k is a no frills funeral.
    For the principal actor involved - why would that person want anything grander - it's not like he/she is going to appreciate the spectacle. Bonfire in the backyard would achieve the same result.
    it's not a bad thing till you throw a KLR into the mix.
    those cheap ass bitches can do anything with ductape.
    (PostalDave on ADVrider)

  4. #49
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    25th March 2004 - 17:22
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    Being that HDC for example is quite the principal actor . I think knowing that there are going to be wailing maidens and virgins(*) throwing themselves on the funeral fire would give him quite a kick even or especially while forking out the money in advance.
    Now I guess that is really like buying lottery tickets. You are buying the dream rather than the actual experience.

    (*) accountants and IT geeks.
    Don't you look at my accountant.
    He's the only one I've got.

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