Death is inevitable and having funeral insurance is very important. Unfortunately, this is also a very stressful time, emotionally and financially for loved ones whos tay behind. Thinking and talking about funeral cover while still alive, will help loved ones cope in these trying times.
What is funeral insurance?
Funeral policies are designed to help you to plan for the future.It is important to have funeral policy that covers each member of the family. The reality is that when one dies, there are many costs involved. Whether you are talking about the death of a child or an adult, provision needs to be made for things like a casket, flowers, and the minister and for food after the funeral ceremony.
Many times, death comes unexpectedly 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 insurance from a firm like Hollard or whom has Avbob funeral cover so that funeral costs can be covered.
How does a funeral policy work?
In South Africa, there are several insurance companies likeB3 funeral insurance, Assupol funeral insurance and Regent Insurance, that offers funeral 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 have different packages with different terms and conditions, thus, make sure that you inquire about want your needs are. Like with other insurance like life insurance, you determine the amount you are able to 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 in terms of prices of caskets and other expenses so that you have enough provision when needed.
A funeral agency, like Martins Funerals,assists with all the arrangements with the funeral. Once someone dies, a death certificate must be obtained with the cause of death. If the death occurred in a hospital, a doctor needs to issue a certificate with cause of death and the body is released to the funeral home/agency. If the death occurred due to unnatural causes, the police must be informed.
The body will then be taken to a state mortuary where an autopsy will be performed to determine cause of death. Once cause of death is determined and family member has identified the deceased, the body is released to the funeral agency. If the diseased has funeral insurance, the money will be paid, normally within 48 hours. If the diseased does not have funeral insurance, the funeral costs have to be covered by the family.
Where to get funeral insurance quotes
To get funeral insurance quotes is very important and made easy. Fill in the form on the webpage of the firm you are considering and submit. Once you have received 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.