Sun Life

trixini

Really sorry if I am posting in wrong section!

My Mum is in her early 60's, very healthy and fitter than myself. She was thinking of taking out a plan with Sunlife to cover some of the costs of her funeral when she passes away (hopefully she is thinking very far in advance).

Can anyone recommend a better company or are they much the same?

Many Thanks

McKneff

I wouldn't even bother to be honest. Sunlife is renowned for being bad value for money.


Insurance at your mums age s very expensive. Tell her to just take stock.


Does she need to leave any money to anyone, debts to pay or anything like that or does
she just need enough n a savings account to cover for a funeral.


Insurnace could cost her thousands and thousands, specally if she lives tll she is say 95.....
Its a no brainer. I am in the same position, we have more than enough for 2 funerals, no debts, no mortgages, kids have their own houses and families, they can have the proceeds of the house and car..... that's it.

Mojisola

http://www.moneysavingexpert.com/insurance/over-50s-life-insurance?_ga=1.11283636.1239568150.1415361750

trixini

Thank you. She has no debts at all and very little savings anymore. She is just worried about funeral costs being left to me, to be honest I'd deal with that at the time and pay it off after the fact. Flip this is morbid to even think about. She is honestly fitter than I am!

I might suggest a separate savings account to pop a few pound in every week or month.

Again, thank you x

G6JNS

trixini wrote: »

Thank you. She has no debts at all and very little savings anymore. She is just worried about funeral costs being left to me, to be honest I'd deal with that at the time and pay it off after the fact. Flip this is morbid to even think about. She is honestly fitter than I am!

I might suggest a separate savings account to pop a few pound in every week or month.

Again, thank you x

If she dies and there are no funds in her esate then the local authority will pay for a basic cremation. You will have no obligation to pay yourself.

konark

These plans are only a good idea if you think you're going to die in between 2 and 5 years from taking them out. Don't take them out if you're fit and healthy and could live to 100.

Shelldean

No no no no no no no Jo no.

Not sunlife.

My Nan paid into sunlife so we'd not have to worry about her funeral.

She started with one plan and ended.up with three or four.

She started when she was in her 70's and died aged 82.

When she died we was paid out promptly, but I worked out she'd paid in much MUCH than we got when she died.

She'd have been better off just putting the money each month in a savings account, at least that way she wouldn't have 'lost' any of it.


I wish she'd asked us for help or advice, but she thought she was being helpful by ensuring there was money for her funeral.


Oh and the real kick in the teeth.was the fact the pay out didn't completely cover her.funeral expanses. And we didn't have a lavish funeral


If you watch the tv adverts it does say you may get back less than you pay in. And in your mum's case being so young I believe she'd pay in more than she'd get back, like Nan did.

SevenOfNine

I'd go with a little (either monthly or randomly) savings a/c. Won't get much interest but might give her peace of mind regarding funeral costs.

My Mother does that, though she has enough in the bank & ISA's to cover her funeral (she's 87) & so do I anyway, but 'oldies' want to do their own thing so she opened a little passbook a/c with her favourite building soc (Nationwide) as the staff are very friendly in the local branch & she likes to pop in.

It's actually in my name, she insisted I be able to access it immediately when she died & it was easier to let her have her own way, but I make her keep the passbook (so my Brothers don't think I'm going to keep it all to myself).

What I totally didn't expect was that over the several years she's had it, she'd blinking rack up EIGHT GRAND!!!!**

Unfortunately, my Mother is a law unto herself, won't listen, fiercely independent & will most likely carry on shoving money in there. Good thing I'll never be in a position to need to claim benefits. When she dies I'll most likely just stick it all back as part of her estate.

trixini

Thank you

I'd be lost without this website