Funeral costs continue to rise

 

Recent cost of dying statistics have shown that the average funeral has risen to an all time high with no sign of a significant slow down.

  • The rising cost of dying: Average funeral now costs £7,600 and thousands are struggling to afford a fitting send off.
  • Study claims cost of funeral, burial and administration is up 7.1%
  • Estimated that 100,000 people will struggle to pay for funeral this year
  • Rose 80% between 2004 and 2013 and will continue to increase

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Survey concerns over Income Protection policies paying out seem unjustified

A survey from British Friendly has show that only 2% of self-employed people surveyed believed Income Protection policies paid out 90% of the time and 45% believed that the main reasons claims were declined was insurers deliberately trying not to pay. This is despite the industry average for accepted Income Protection claims exceeding 90%.

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