, Linda Trinh at Knowledgebank IQ | 25 March 2014 | Aged Care, Budgeting, Insurance, Retirement, Risk Management

Funeral Insurance - is it worth it or just a waste of money?

Funeral Insurance is seemingly a big hit if you watch morning and late night TV - but are you paying for something you already have and are their alternative strategies to look after your funeral costs without buying more insurance?

Damien discusses some alternative strategies you could consider that are often significantly more cost effective than buying funeral insurance.  For a large number of Australian's they can access benefits from their superannuation account or life insurance policies to pay for funeral expenses - so buying more cover is in many ways like buying a block of cheese and discovering you have two spare in the fridge.

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