Burial or funeral cover is a type of policy that is designed to settle all the costs of a funeral service. More and older people are getting funeral plans as protection against the rising costs of burials. They are aware that it would not be possible to pay for everything regarding the memorial on a monthly salary.
People do not want to leave their loved ones with the financial burden when arranging a funeral. It is why they get funeral insurance in the first place. What can be covered with the money provided by your funeral policy? You can include all expenses like cremation, burial service, location, burial ground, ceremony leader, flowers, caterers and so much more.
What Benefits Can You Expect To Gain From Funeral Cover?
You can expect to receive a lump sum of money to use for the memorial service. Some companies provide you with transport to arrange the funeral. Other companies provide you with groceries, airtime, tombstone and accidental cover benefits.
Just go through each company’s list of benefits, and you will find the right funeral insurance company for you and your family. Another great advantage of some companies is, that when the leading member of the policy dies, the other members will have cover for up to six months without any premiums paid. It gives the members time to sort their finances and to see who is going to take over the policy.
The only disadvantage about funeral plans are the waiting periods. For instance, some companies have a twenty-four month waiting period on suicide. What if a loved one takes his or her own life before then? All you can do is try to meet the agreements of the plan, so make sure you know your terms and conditions.
It is also wise to talk to the family and discuss it before buying a plan. The decision must be made together to prevent any unnecessary conflict. All companies have terms and conditions, but that should not keep you from getting funeral cover. Getting financial protection for your family is very important, you will certainly do them a favor by getting in funeral insurance.
The most important thing in life is family, and when the family is taken care of, you can be at rest knowing you did your best. If you want to get more information about funeral policies in South Africa, please visit this link now!