Paying for a Funeral in a Rational Way
Paying for a Funeral gets easier as time goes by as there are so many different types of funeral plans available you are bound to find one of them that makes it easier for you to pay back the cost.
However it is important to make sure that you take a rational approach to finding the best possible funeral plan, one that will make life easier for your family.
It is essential to ensure that you don’t get a funeral policy that is not going to give your family the money the day you need it to pay for the funeral.
Here are some tips to consider when choosing a funeral policy, to ensure that your family will be able to pay for a funeral:
The person selling the policies
These days there are many sales people selling policies and, with all the scams lately, it is hard to know if you are really getting the policy that you are paying for.
This is why it’s important to make sure that the person selling the policy is registered by the Financial Services Board as a financial service provider. Or, that he really is a representative of a registered life company legally appointed to market funeral policies.
When you have an appointment with the sales person, it is important to make sure that you get the marketing material of the particular funeral policy you want. Every registered life company should have all the different marketing material for the different types of funeral policies available for you to look at.
It’s important to make sure that the information the sales person is telling you is the same as the marketing information on the brochure. Otherwise, the sales person can tell you any lies, just to get the funeral policy sold.
Summary of Conditions and Requirements
The moment you sign the contract for the funeral policy, you should receive a summary of the conditions and requirements of the policy. You will have 30 days to change your mind, should you so wish, to cancel the policy without paying any cancellation fees.
Receiving these conditions and requirements of the policy you choose, will ensure that you and your family know the steps and documents to include when a family member dies. And, you should remember to place these documents in a safe place for the day that you might need it. After all you are paying for a funeral of a close family member.
You are Paying for a Funeral – Make Sure You Get the Receipt
Who really keeps the receipts of payments made to a funeral policy? Not many, but it is important to keep all the receipts. This is to make sure that you have proof of payment if they dispute your claim, and say that you haven’t been paying your monthly instalments on time.
Having a rational approach to pay for a funeral is the best way to ensure that you and your family are getting the funeral cover that you are paying for.
There are some funeral policies that are not as good as others but it is important to make sure that you are happy with the funeral policy you choose and that your family will be able to pay your funeral costs, without any problems.
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