Introduction to Funeral Cover
Funerals can be expensive because of all the different products and service fees that you’ll need to account for. A common funeral may include any of the following expenses:
- The funeral director’s charge
- Transportation
- The coffin
- Employing charges for a church or other venue
- The expense of a burial ground plot and headstone
- Flowers
- Food and beverages for the wake
It may not be something you want to think about now, but if you passed away, it would be expected that your loved ones provide the finances for the ceremony. This is where funeral insurance can assist
What Does A Funeral Policy Provide?
Funeral cover policies offer your family a lump-sum payment the day you pass away. They can use this money to pay for your funeral and any other immediate costs. Depending on the level of cover you select, your family might get a payout of up to R25 000– which is generally paid within 24 hours of supplying the necessary claim information.
Well-known Funeral Insurers in South Africa
Am I Eligible for Funeral Insurance?
Entry age requirements do vary from service provider to service provider, but normal funeral cover is offered to all South Africans between the ages of 21 to 80. It’s simple to get covered immediately. You will not require a medical check and you won’t be asked any questions about your medical history.
Conclusion
If you’re looking for means to maintain your household’s financial security after you’re gone, funeral insurance is a simple but reliable solution to help protect them. Many people think of this as one final present to their loved ones.
If you found this article interesting, you might also be interested in Life Insurance.