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Rising funeral costs highlight life insurance importance

Mon, 30 Nov 2009

The importance of life insurance was underlined by recent figures from the National Association of Funeral Directors . The cost of having a funeral in the UK has soared by 33 per cent in the last five years, leaving those without funeral cover or life insurance funds footing a large extra expense. The Post Office advised UK consumers to consider life insurance .

The Post Office pointed out that life insurance has a principal role to play in lowering financial pressure from funeral costs, which can run in thousands of pounds. The Post Office offer a dedicated over 50s life insurance product which can help to pay for funeral expenses and clearing debts .

The Post Office Over 50s life insurance cover pays out if the policyholders dies from natural causes after just one year of payments. Life most other Over 50s life insurance, applicants do not need to provide any medical information.
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