Taking out Funeral Insurance Is Common Sense, Actually
Why would you need insurance to cover you in the event of a funeral? Well, the cost of a funeral can run to thousands of rands, and whereas a life cover pay-out is typically meant to provide for dependants for years into the future if their bread winner dies, funeral cover is specifically tailored for paying the bills associated with saying goodbye to a loved one – you don’t want to be caught short when it comes to choosing a casket, arranging a service or wake, or paying for any of the many other costs involved with having a funeral.
Funeral insurance is designed so as to provide funds without delay. You can budget for all the costs associated with a funeral and thereby avoid the risk or fear of spending money intended for another purpose such as maintenance for a surviving spouse. Funeral insurance is to pay for the unexpected and the inevitable – nobody is immortal, we will all die one day, but there’s no way of telling exactly when we or our surviving family members or relatives will have to pay for a funeral, no way of telling just when we will die or from what cause.
Also termed a funeral plan, funeral insurance – up to R25 000 of cover – as provided by a reputable insurer is paid out within 24 hours after submitting a claim and of the claim being approved. It’s one less thing that your loved ones won’t have to worry about when you die – for them a relief from what could be a financial burden, for you one step closer to complete peace of mind. Moreover, you don’t require medical examinations, and, going the online route, you can get a quote for one in a minute or two and purchase one in five. It’s that simple!