I watch a lot of UK TV here via an IPTV connection. I can't believe the number of ads for insurance to cover funeral costs. It must be a highly profitable line for insurance companies
I don't watch live TV (except for football) so don't see ads - but I do get the flipping written invitations via mail to take out funeral costs insurance, at the rate of at least one per week. I've no idea how to stop the damned things either - returning them to sender marked 'left this address' didn't work, neither did 'died last year' - I somehow suspect that if I rang the companies involved to complain, I'd probably start getting two per week. I now tend to put them straight into the recycling bin unopened.
Surely they should target people who look very well. They don’t want to be paying funeral costs just a couple of weeks after securing life-long payments from a ‘customer’.
I believe many of them have clauses in that say they don't pay out in the first 24 months known as the qualifying period, although it should really be called the non- qualifying period! I suggest these policy's are good for the insurance company and bad for the consumer, hence the amount of money spent trying to get people to sign up!
Like any insurance. Insurance companies only exist because on average they charge more than the costs they expect to pay out, be it car, house, pet, commercial or funeral cover.
Could this be one of the unforeseen economic benefits of Brexit? Now that we’re going to be free again and get all of our old power and glory back, oldies won’t be buggering off to warmer climates in retirement to die in comfort, they’ll be doing it at home, where they belong.