What you need to know about funeral insurance

  • 23/07/2020

Overpriced funeral insurance policies are leaving consumers thousands of dollars out of pocket.

That's according to Conumser NZ who say people taking out funeral insurance could end up paying twice as much in premiums than their policy was worth.

In the latest complaint to the organisation, an 85-year-old woman paid $18,900 for funeral insurance worth just $10,000.

So what exactly do you need to know when it comes to taking out your policy?

Consumer NZ Chief Executive Jon Duffy spoke to The AM Show.

Watch the video.