Many people in the UK have now taken out life insurance. Let’s take a look at why…
Why do you need life insurance? Naturally your loved ones will want to organise a funeral when you pass away. Life insurance helps to cover the costs of the funeral and related expenses, which are currently skyrocketing.
Even a modest funeral today can cost at least £4,078*. This is before costs for memorials, flowers, catering and estate administration. When you add all of this up it means that funeral and related expenses can now cost thousands. The Government may only pay funeral costs in very limited circumstances.
The latest industry research shows the cost of a basic funeral now stands at £4,078, an increase of 112% since 2004, a cost which has been branded “extortionate” by those in the industry.*
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You can help your loved one by preparing for funeral expenses and other final costs by taking out a life insurance policy or by using money that you have saved. However, many people have not prepared for these costs, leaving relatives to pay the expenses.
The high funeral costs, which are set to increase, are causing many people to opt for life insurance. Here’s why …
Taking out life insurance couldn’t be easier. It can be inexpensive depending on age and cover amount – especially when you consider the useful benefits. Get a quote for life insurance in just a few minutes and your information is kept private. As you are simply requesting a quote, there’s no obligation to buy at all.
Receive your free quote by clicking here now or selecting your gender below. One of the UK’s leading insurance providers will be in touch to explain the coverage and benefits of life insurance, there is no fine print and no surprises. Get expert answers to any questions you have about life insurance and help protect your family from potential financial burden’
* According to an article by ITV News called -‘ The cost of dying: Families waiting more than a year to bury their loved ones as ‘funeral poverty’ grows ‘- published 2018