Funeral plan firms face crackdown after we exposed their dodgy practices | This is Money
If you do not wish relatives to be out of pocket dealing with your funeral, especially a burial, do not go near pay up companies, some of whom are now cold calling peeps. What happens if they go bust? What happens if someone bolts with the money?
The way that I have set it up is to have a whole life policy, payments to which, I pay monthly, via my bank, to a huge Insurance company. The peeps named in my Will get the payout. As time goes by, you can just raise the amount of the policy. Simple!!
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