What is a Funeral Policy?
April 29, 2016
Most people will know what a funeral policy is because we all need to have one for our families. But, there are some people, like young adults, that don’t know what a funeral plan is. They don’t know the importance of getting one. It is important to make sure that you know what a funeral policy is, and that is it appropriate to your family.
Funeral policy: what it’s all about
A funeral policy is a policy that pays money when the primary member or his family members died.
A funeral insurance usually includes other benefits too. It isn’t just about the money that is paid out.
With the money that is paid out by the funeral policy, as with the Momentum funeral plan, you can pay for the funeral. Also, you can pay other expenses that are needed after a family member dies. Some funeral plans are generous enough to provide income for a while and for paying the funeral of your loved one.
Also, you can pay expenses after a family member dies. Some funeral plans are generous enough to provide income for a while and for paying the funeral of your loved one.
To get a funeral cover quote, please complete and send the form on this page
Reasons for getting a policy
Many people wonder why we do need to have a funeral plan. But, most people don’t realise how expensive a funeral of a loved one really can be. And, because banks freeze accounts after the death of a loved one, you don’t always have money available for a funeral.
So it is essential for getting a good funeral policy. You need to make sure that you are getting the insurance that pays enough money. You must have money to pay for the funeral and have money left to survive while the accounts are frozen. So it is important for the family member to have a funeral policy for the one that brings in the money at the end of the month.
What type of benefits can you get from a funeral plan?
When you are looking at the funeral cover like the Doves funeral plan, you can expect to be insured for a certain amount of money. And, if you are married and have children, you can also add them to the funeral cover. That’s so you will have enough money for paying for the funeral if something happens to them. For example:
You can insure your own life for anywhere from R10 000 to R100 000. You can also protect your spouse for the same amount of money as the main member. Then, you can cover the children from R5 000 to R30 000 depending on the type of funeral policy. There are even some funeral plans where you can add extended family members to the scheme.
Most people do know what a funeral policy is, and why it is essential to have a policy. We don’t like thinking about death. But if you are the primary member of your family, you should think about them. What happens when you are not here anymore, and your family needs to survive without a monthly income and money to pay for the funeral?
To get a FREE funeral cover quote, please complete and send the form on this page
For life insurance quotes go here
All info was correct at time of publishing