Funeral insurance is a old type of cover which is paid out upon death to cover final expenses such as the cost of the funeral services. Funeral cover is also termed as burial insurance. Funeral insurance definition: Designed to assist your family when you die. Other than preparing yourself, it is also wise that you prepare your family for the unexpected. As you lift their emotions of burden you will also lessen the financial expenses associated with the funeral. For now, learn about these funeral insurance benefits.
There are various advantages of having a funeral insurance cover. The main advantage is obviously the financial assistance, there are particular benefits which you can depend on. Depending on the plan you seek, the benefits will vary. One the plan holder dies the beneficiaries are immediately provided with financial assistance according to the policy. This can include from purchase of flowers to the purchase of coffin. This aids the process of planning your memorial service.
Funeral insurance covers costs of funeral plots, cost of burial and funeral home costs that may increase over time. Claiming from insurance cover is normally very simple. Generally all you require are the death certificate of the deceased insured person and the policy document that singed originally along with the policy schedule.
Some funeral quotes will show you that all payments are covered for the memorial service. Your loved ones will not spend much of their time in planning your service. Some plans can cater for travel expenses in case you die while abroad. They also offer assistance in completing the necessary papers with the local authorities. This can spare your people from stress emanating from such tedious processes.
LikeMoney can help you find a funeral plan that fits your budget by doing a comparison on all the different plans offered in South Africa. Get Assupol funeral cover from as little as R1.50 per day!
