General Chat

.

I don't have that way OH don't try to kill me for money (that I don't have either)

Do you increase yours with each birthday or do you just pay what you have always done,,,,this came up today and someone proudly said they have life cover and have for last xxx years and have paid same premium,,,,,,,,when pointed out that with each age increase it will be go down real low in value.....and what they belived was enough to cover a funeral,will hadly pay for vicar and flowers,,,,,!!

err I think I answered that but I will say as I have no kids the state which country can throw me in to the sea.

Oh Uzzy.:}}}}}}}}

Kay, surely the company would chase your friend for more money if they thought there wouldn't be sufficient payout for what will be needed. I have some insurance and pay the same all the time, and it's for the same amount of money, £20,000 which should be sufficient for a send off in a box.

Lizx

I said on another thread a couple of weeks ago, I personally think life insurance is nothing more than a scam.

My ex and I had a joint life policy, covering first death for £45k. Premiums began at £10 a month, this was in 1980, rising by 10% each year, for ten years.

When the ten years was up, we were informed that the policy was now only worth £19k. So why did we pay the extra premium every year? WE took a further five years on that policy, and another policy for £25k to make up the difference, but the premium was the same as the first policy. so there we were paying DOUBLE to keep up our insurance. This was with Abbey Life, a reputable company.

At the end of that five years, both policies togeter were only worth £12, together. We cashed it in at that point, feeling completely duped.

Liz, you need to check that is the actual value of your policy today, if your premiums are the same, no rises. I bet it isn't. I think you'll be shocked.

I do have an over 50's policy now, which should cover a cheap funeral if nothing else, rather than place the burden of payment on to my kids, but apart from that, I'm not bothering with those huge cash amounts, because they find a way out of it.

Kay there is no Uzzi I actually want to be slung into the sea ....fish eat I travel etc..
I certainly don't want me bones dug up in x amount 1000 of years and I don't want to be cremated so sling me overboard. I have no kids to say ahh over me and I would like all friends I have just to meet up and have a p*ss-up can't see, point of flowers wreathes etc. tip a bottle of vodka over me and set fire

BUT I do understand the need for insurance when there are children....maybe it should be down to the child to insure the parent ?

Uzzi, I know where you're coming from, but as we get old, our kids have enough to be responsible for. I would far rather take the burden of that responsibility off them, rather than them having to deal with an unforseen bill in a time of (I presume/hope) grief.

I think a prepaid funeral is a good idea, but cant get OH to agree. We will both be cremated and ashes buried with our son, under the same stone.

Jean, I want to be cremated and my ashes buried on my daughter's grave but I have to sort out what permission is needed, I thought my son could just go and dig a hole and pop my ashes in, but seems not and permission has to be granted. I suppose he could mix me in with some fish, blood and bone fertiliser and say that's what he was burying to make the rose buses grow, lol

Lizx

I got a letter the other day saying did I want to pay another couple of pounds and the amount would be more but otherwise it is £20,000 altho I think without checking it might just be for accidental death, not come to end death! The mortgage has insurance with it so that the mortgage is paid off etc