In recent years, many of our customers have asked us about funeral benefit plans which are being offered by big insurance companies as an add-on to over-50s life insurance policies.
We have a number of concerns about these add-on policies that we want to share with you here…
The first concern with these plans is that you may end up paying in far more money than you get back, because the payout you receive is fixed from day one but you could be paying into the plan for 30+ years.
Secondly, these plans tie you to one funeral director – usually an expensive one, meaning any additional costs not covered by your plan would be significantly higher for your loved ones.
Finally, the payout is not inflation-linked or guaranteed to cover everything, so even after years of saving your relatives could still end up with a large bill.
With our plans, you’ll get the funeral you want with no hidden costs further down the line…
But don’t just take our word for it, see what BBC Watchdog investigations have found: http://www.bbc.co.uk/blogs/watchdog/2012/03/lifeplans.html