This is just a lack of finance skills.
You’re paying $88 dollars a month forever? Why not just put that into a savings account and easily beat the amount of the coverage without having to go through the struggle of fighting an insurance company that is clearly ripping you off.
And roping your children into the same bad deal? Why would a parent pay for an adult offsprings funeral insurance to begin with? And for more than a decade without sitting down and thinking about it.
“They do warn you but it’s in the fine print … it says go to a financial advisor,” she said.
“[That would] be great, if you could afford one.”That’s the point of the article, that she feels that she was targetted as someone of poor financial skills and taken advantage of.
Makes me feel like having a chat with my mum about what she’s currently paying to who.
