Anyone who watches daytime TV will be well aware of the huge number of Insurance Companies offering funeral insurance.
What you need to be aware of is that their sole purpose in advertising these products is to make money.
Firstly, generally speaking, you are not always covered for any pre-existing condition. This means that if you have received treatment for an ailment that even years down the track is related to your cause of death – then you are possibly not covered and payment will not be made.
Secondly, your premiums will never stop increasing. They go up as you get older and they go up as you need more coverage when the cost of funerals increase. Eventually they become simply too expensive for a lot of people and they cancel their policy, much to the delight of the insurer. Be careful when you change your policy because this often results in your coverage reverting to accidental cover only for the next year. The bottom line is that they are a bit of a lottery with many loopholes and we in the funeral industry do not recommend them.
What we do suggest is that you look at a pre-paid funeral. We can sit down with you and work out exactly what you would like. We can then give you an exact cost on this and you can look at paying this amount in full or by instalments over up to 3 years. Then you just simply sit back and forget about it. No more to pay. No price increases. No worries.
Your money is invested independently of Endeavour Funerals, we use Funeralplan, part of Australian Unity.
You don’t have to worry about it keeping up with inflation because we guarantee that what you pay for is what you will get, regardless of the investment market. If you decide at a later date that you will be leaving this area then you can organise to have your pre-paid funeral transferred to another funeral home.
All you have to do is give us a call and we can sort it all out for you.
No more worries – just peace of mind.