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survay12

  2 months ago

Life insurance

Thank you very much for all your best wishes and condolences from everybody, Jan will not be forgotten. However this has started me thinking. Having just paid the funeral bill, which was only for a simple cremation service, how many of us have life insurance to help pay for the service? I didn’t and it came as a semi-shock when I was quoted the almost £5000 for a simple service. I was quite lucky having built up some money to help pay for the revamp of our house but what happens if you haven’t got that money.
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PoohBah

  2 months ago
Life insurance is not necessarily the best option, because the proceeds may not cover the actual cost when the time comes (unless that was a written guarantee, not just the salesman's pitch) and if it's term insurance rather than an endowment and you stop paying the cover ceases with everything you paid being lost. A better option is to buy a funeral plan where payment is made up front — provided it's with a reputable and sound business such as the Co-op, or the plan has protection against the provider going bust, as we saw happen very recently. Reply
0 comments

trevjohn

  2 months ago
It's all a great big rip-off praying on vulnerable people's emotions imo. As Yvonne says, medical science is one better way, among others. Reply
2 comments

katinajones7

  2 months ago
I have a death in service policy with my employer which will pay out 120,000 that should be plenty! Reply
0 comments

spartan3002

  2 months ago
Hi Steve , it's lovely to see you again . I had the same with Karen's funeral , which was £4000 , 20 years ago . That made me decide to get one for myself . Take care mate . Reply
0 comments

yvonne7495

  2 months ago
i am not having a service and my body going to medical science Reply
0 comments

steppenwolf_a_558

  2 months ago
They can dump my body in a shallow grave somewhere, which will cost nothing... Reply
0 comments

rosemary-charles

  2 months ago
Firstly I an happy to see you on here and not withdrawing into a dark place, you are a brave person indeed well done. Now to answer your question we have life insurance Dave pays it for both of us it cost us over £80. a month for the twl of of us which I think is far to expensive I would prefer to put the money into a saving account . Reply
0 comments

Kitch55

  2 months ago
after a lot of talks with family i am giving my body to medical research at hull loads of forms and got a black credit card to say i am giving it to research we have no kids or mortgage and are not religious and hubby fully agrees with me at the end of the day if they can help the.living when i am dead good luck to them Reply
0 comments

Mark_W

  2 months ago
I know how expensive it can be as my half-brother died a few years ago and he had no savings or life insurance! Reply
0 comments

bickler1

  2 months ago
I bought two funeral plans for Mrs B and myself when I retired some 22 years ago,using some of my pension cash,we have never had any life insurance though. Reply
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