Funeral Insurance Pitfalls

By: James MacLeod - Managing Director, Tobin Brothers Funerals
Wednesday, November 11, 2015

This week I read an article on news.com.au which highlights the recent report from the Australian Securities and Investments Commission (ASIC) regarding Funeral Insurance. The report states that “in 2014, the number of funeral insurance policies cancelled was 80 per cent of the number of policies sold, with cost the main reason for cancelling…” Mitchell Watson from the research group Canstar says “If you’re under the age of sixty there are probably far more cost-effective ways to fund your funeral” and ASIC recommends prepaid funerals and funeral bonds as a better alternative.

We at Tobin Brothers Funerals see time and time again, the benefits to families when their loved one has pre-arranged a funeral with a Fixed Price Funeral Plan. We also too often care for increasing numbers of clients who have paid monies into Funeral Insurance funds in good faith, only to find that due to missed payments when they have been ill or in hospital, they are not eligible for any reimbursement. This sets them back to square one with their funeral arrangement and costs that sometimes involve a loss of thousands of dollars.

With a pre-paid Fixed Price Funeral Plan with Tobin Brothers Funerals, the cost is set; once it is paid it is paid, and you will avoid this all too common pitfall associated with Funeral Insurance offered by other companies.

To read more of the article on news.com.au and make up your own mind, click here.

James MacLeod – Managing Director, Tobin Brothers Funerals

 

 

 

Leave a comment
Name*:
Email:
Comment*:
Please enter the numbers and letters you see in the image. Note that the case of the letters entered matters.

Comments

Please wait

Previous Posts

Beating COVID19 is a community effort

It was On 23rd March 2020 that Tobin Brothers Funerals cared for its first COVID19 death. Since that time, we have cared for over 100 clients who have died from this hideous virus. Over my 30 plus ...

Get the Test Done

  In March 2020 I turned 50, it was a very quiet celebration as we had just commenced going into COVID19 lockdown. A few weeks after I turned 50 a parcel arrived for me in the post, a prese...

Tobin Brothers are here to help

  Funerals are an important time for family and friends to come together as a community to express our love and process our thoughts and feelings about the death of someone we love. The funer...

Bushfire Support and Counselling

As a funeral director of 33 years I think the most difficult thing I have ever confronted was the town of Marysville following the Black Saturday fires. During the days that followed we, at Tobin B...

Coronavirus Assistance

On 30 January 2020, the International Health Regulations Emergency Committee of the World Health Organization declared the coronavirus outbreak a Public Health Emergency of International Concern. ...

Christmas Message 2019

Christmas is a wonderful occasion...but equally, it can be a very tough day for many in the community. To everyone who is so very much looking forward to Christmas, I wish you a wonderful day.&nbs...

Mother's Day 2019

Mother’s Day is one of the most marvellous days of the year.   Sadly it took me a long time to realise that and since 1997 which was the last Mother’s Day I celebrated with my dear Mum, M...

Official Statement from the Managing Director of Tobin Brothers Funerals

It has been brought to our attention that in recent days, an individual claiming to be an employee of Tobin Brothers has been making numerous highly racist remarks across social media and the wider...

Black Saturday Fires 10 Years On

Ten years on and this is the first time we have shared reflections on Tobin Brothers involvement in the Black Saturday fires and their aftermath. The 7th of February is my wife Louise’s birthday.&...

Christmas Message 2018

  Christmas is a wonderful occasion...but equally it can be a very tough day for many in the community. To everyone who is so very much looking forward to Christmas, I wish you a wonderful d...