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Is a Funeral Plan Really Worth It?

By 1 July 2013General Law

It is important to consider your options when preparing for death. In the case of Gerald and Jessie Grainger, who in a ten year period have already paid over $8,000 for their $6,000 funeral plan, the cost seems to outweigh the convenience.

Gerald calls on funeral plan providers to be “more transparent” when dealing with consumers.

The National Information Centre on Retirement Investments warns consumers to be “very careful before signing up for funeral insurance and other prepaid funeral plans.”