Funeral Insurance Facts for You
Death is inevitable and having funeral cover is critical. Here are some funeral insurance facts for you.
Without a funeral policy in place, your family will pay the price. And at the rate that funeral costs are rising, you are well advised to buy now and fix the price at today’s prices.
Unfortunately, your demise will be a very stressful and emotional time for loved ones who stay behind, not to mention the financial burden.
Thinking and talking about funeral cover while still alive might seem a bit of an odd topic to discuss for a healthy young family, but guess what, no one gets out of here alive!
Funeral Insurance Facts 101
What is funeral insurance and why is it so important?
Funeral policies help you to plan for the future. It is important to have a funeral plan that covers each member of the family. The reality is that when one dies, it involves costs.
Whether you are talking about the death of a child or an adult, you need to provide for things. These include a casket, flowers, and the minister and food after the funeral ceremony.
Many times, death is unexpected. And if you have to pay funeral costs out of your pocket, you might end up in a financial bind. For this reason, funeral insurance pays out a lump sum of cash for a person that has funeral cover from a firm like Hollard or Avbob, who meet the funeral cost.
Funeral Insurance Facts – How does a funeral policy work?
In South Africa, there are several insurance companies. These include B3 funeral insurance, Assupol and Regent Insurance, which offers burial insurance. You can take out funeral insurance for yourself, and if you want to include your family, you can take out extended plan. Each of the insurance companies has different packages with different terms and conditions. Therefore, make sure that you inquire about your needs. As with other insurance like life insurance, you determine the amount you can pay monthly.
If you have multiple funeral insurance policies, you might be over-insured in which case, you might end up losing some benefits when the time comes to claim. Make sure that you have one funeral insurance cover that is up to date regarding prices of caskets and other expenses.
A funeral agency, like Martins Funerals, assists with all the funeral arrangements. Once someone dies, you must obtain a death certificate with the cause of mortality. If the passing occurred in a hospital, a doctor must issue a certificate with cause of death. Then hospital releases the body to the funeral home. If the death occurred due to unnatural causes, then inform the police.
A state mortuary takes possession of the body where an autopsy determines the cause of death. Once a family member identifies the deceased, then the body returns to the funeral agency. If the deceased has funeral insurance, the company pays the money, normally within 48 hours. If the deceased does not have funeral insurance, the family must cover the funeral costs.
Funeral Insurance Facts – Where to Get Funeral Insurance Quotes
To get funeral insurance quotes is paramount and accessible. Just fill in the form and submit. Once you receive your quotations, you will be able to compare all the products of each company and make a decision on which funeral insurance suits you best.
You can get a FREE funeral cover quote online on this site now. Just complete the form and click.