A question about life insurance for someone in this situation please?

[WhyEffingBother]

Amy is single, never married and has no children. No intention or expectation of any of this ever changing. She owns a home (mortgaged), a car outright and has a pension.

She does not have life insurance. Her only immediate family are her parents, both on income support with no money.

Am I right in thinking in the event of Amy's (touch wood) death her assets will automatically go to the parents? Should Amy be taking out life insurance for the sake of her parents? Funeral costs etc?

Hope you're okay op

Funeral directors will usually wait as long as whoever is dealing with probate can prove that there are assets (even if not liquid) that will eventually pay for the funeral.

I always thought that was the case, but the funeral director we used for a family member recently insisted on payment upfront (which is fine, I can pay and was happy to pay and will get reimbursed for at some point, but not everyone would be in the financial position to do this).

I now have a small insurance plan to cover funeral costs in the event of my death, despite being in a similar position to Amy and not otherwise needing one.

Lol I'm fine really. I can confirm I AM Amy and my Dad is nagging the shit out of me to take out life insurance to be "organised" and I really can't be arsed!!

Funeral directors were happy to wait until my DFs financial affairs were sorted out for their final payment. We did pay them a deposit which the bank was happy to release direct to them prior to that though. I would say so Amy’s parents weren’t inconvenienced financially, rather than a life insurance policy, a funeral plan (with a reputable company like Coop) might be a better option. Amy doesn’t need life insurance for herself but should definitely consider some sort of critical illness insurance.

I expect your Dad maybe of the age when it was obligatory.

Make sure you look at sick pay cover though. Unless you can sell if you're long-term sick and move back to family x

Enjoy your new home.

Another possible option to consider - advance payment, for something like Pure Cremation.