Steep rise in funeral insurance costs for over 50s

Updated May 24 2018 - 8:44pm, first published November 20 2015 - 12:00am
Cost is the main reason for cancelling funeral insurance.
Cost is the main reason for cancelling funeral insurance.

FUNERAL insurance premiums tend to rise steeply for the over-50s and many people cancel their policy in the first few years, losing the benefit of premiums already paid, according to a report by the Australian Securities and Investments Commission.

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