Funeral cover in SA and all over the world for that matter, is extremely important as it saves one from having to deal with the burdens of having to pay and organize a funeral when they are grieving over the death of a loved one. However, many South Africans don’t have knowledge of the relevant questions to ask when choosing a funeral insurance providers. In this article, we look at the questions which need to be asked.
What exactly am I covered for?
Funeral cover providers generally offer different payouts and benefits, which usually amount to more than simply providing a coffin for burial. In order to ensure that you are not under or over insured, make sure that you find out exactly how much you are covered for in order to prevent any nasty surprises.
Does the funeral cover provide enough value?
Even though it may be tempting to go with the cheapest funeral cover, it is more important to look at the value provided to you and your family.
How does the claims process work?
When it comes to filing a claim, you need to know how long the process will take and what the requirements are. If your claim takes longer to come through then you expected, it could be very inconvenient. You also need to find out whether your premiums will be fixed or increased annually.
How many family members can I cover?
Find out how many people you can cover under one policy, as well as any other terms and conditions which apply.
Overall, asking these questions will help you determine the right funeral cover for yourself and your family, ensuring that you know exactly what you are getting.
Don’t forget to use LikeMoney’s comparative platform to compare the various funeral cover options in South Africa.