You may not realise - but funeral policies that are attached to a pension policy, may automatically come to an end when the policy holder retires and takes pension – leaving loved ones at risk of financial strain at a difficult time.
This is not an uncommon practice, as Funeral Insurers, Oakleigh Life, advise you investigate this prior to retirement.
Should it be discovered that such a benefit would cease, they have a solution! Contact them and they will be able to guide you though the process of transferring the funeral benefit at retirement, thereby retaining it, and at the same time avoiding additional waiting periods associated with new policies.
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