Funeral expenses insurance : we contribute often at a loss, according to “60 million consumers” – Boursorama

funeral expenses Insurance : we contribute often at a loss, according to “60 million consumers”

funeral expenses Insurance : we contribute often at a loss, according to “60 million consumers”

funeral insurance, it is reassuring but this is not necessarily a good idea. According to the association 60 million consumers, the insurers are far from keeping their promises. More and more people côtisent yet each year a life insurance thinking that this will allow you to avoid their loved ones having to finance and organize their funeral. In 10 years, more than 500,000 new contracts of funeral insurance have been signed and the bar of the billion euros of annual contributions has been exceeded.

On paper, the principle is simple. Has the subscription, the contributor determines the amount that the beneficiary must collect to arrange the funeral. Payments can be unique or spread out over time. However, according to the consumer association which examined eight contracts with several insurers and by making the assumption that a person côtise at the age of 62 years and died at the age of 85 years, it appears that the capital may be reduced up to 40% !

“the More time passes, the more it contributes to loss”””

“the More time passes, the more it contributes to loss, explains 60 million. Whatever the amount invested and the duration of the contribution, the capital paid to the beneficiary will not increase.” In clear, it is better to die quickly if you do not want to lose too much capital !

Worse, it sometimes happens that the pay is supposed to cover the funeral expenses are insufficient because of the increase in the tariffs funeral (+48% since 2008). The association 60 million consumers believes that other investments are more profitable to begin by the Livret A. In fact, the capital invested in the insurance death is not revalued over time.

In addition, if the insurers provide to the contributors of tranquility and serenity with a quick release of funds, the reality is often quite different. At the time of death, insurers require many …

Read the rest of the article on The Parisien.fr

A read also on The Parisien.fr

Copyright © 2016