Why one in three funeral policies lapse in the first year, and how to avoid it

Nearly one in four new funeral policies never collects a first premium, and another one in three lapse within a year, mostly because a debit order fails. This guide explains grace periods, what a lapse does to your waiting period, how to pick a debit date that works, and what to do the day a payment bounces.

This guide is being expanded. The summary above is complete and correct as at September 2026.