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Why Funeral Cover Is Important For You And Your Family


Funeral cover is one of the most important provisions for a person to consider. The best way to understand it is to imagine you are not prepared, an unexpected tragedy occurs and the devastating implications this could have on your loved ones. Funerals can be a distressing time for a bereaved family and those close to them. You’re dealing with the loss of someone dear and close to your heart. Imagine the financial strain a funeral can place on your loved ones, this can be both incredibly stressful and costly. Therefore, read the below to see why funeral insurance may be beneficial to you and your family.



Funeral Cover Benefits



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What Exactly Does Funeral Cover Offer?


The biggest relief funeral cover offers to your loved ones in the event of death is a lump sum of money to help fund the ceremony. Funeral finances are hardly a topic discussed at the dinner table. However, when faced with actually planning one, people realise very quickly how expensive it can become. Also, knowing how to plan a funeral is an absolutely foreign concept to most. Who will organize the coffin? Who will handle the body of the deceased? Where do I get the order of ceremonies printed and designed? Funeral insurance can help cover these considerations, or can at least point you in the right direction when seeking a service provider. Obviously, what a funeral policy offers you is dependent on the plan you take out. However, for the most part, you can rest assured that those that are left behind will have very little to do other than mourn.

Who Can Your Funeral Plan Cover?


As previously mentioned, there are various types of funeral plans available for you to choose from. We will discuss the basics of each cover below:

The Standard Funeral Plan

This plan will pay out a cash lump sum to your family in the event of your death. Your family can use this money as they choose, which may be to pay for funeral expenses, or to cover additional expenses that arise. You can choose to cover yourself, your spouse, 3 children, and 8 extended family members, with up to R500,000 family cover.

The Extended Funeral Plan

This plan will provide you with the same benefits mentioned above for the Standard Plan, with the added advantage of receiving all your premiums back in cash. So, if you take out R50,000 of cover, you will receive the full amount back, plus all the money paid on the policy for that member.

Extended Family Cover

This type of funeral cover allows you to add extended family members to your plan. This can help take the strain off of the rest of your family in the event of their passing. A lump sum payment will be provided once proof of death has been supplied

Types Of Cover Available

Other than the family-based options, there are also various types of plans one should be aware of when selecting their funeral cover. Did you know some funeral plans require you to take a medical exam before cover is granted? Read on below for a bit more on funeral cover options available:

Immediate Pay-out Cover

Some funeral policies require you to wait a certain period of time before you are eligible for a pay-out. While this is understandable in terms of illness, it can put a financial strain on your loved ones. You will be pleased to know that in the event of an accident you will be covered immediately and valid claims on the above plans will be paid out within 24 hours of receipt of relevant valid documentation.

Get The Funeral Cover You And Your Family Require Today!

Make sure that you and your family are covered for the unexpected by taking out a funeral policy today which suits your needs. All you need to do is ask Supercompare. We will source the perfect plan according to your needs and get you covered should the unthinkable occur. Get in touch with one of the consultants today and make sure you never have to discuss funeral finances over the dinner table again!

Please note that your details will be sent to the Insurer/s below.



Copyright Clientèle 2020. All rights reserved.
Long-term insurance policies are underwritten and administered by Clientèle Life Assurance Insurance Limited, an authorised financial services provider and licensed insurer: FSP 15268. Premiums escalate by 10% and benefits escalate by 6% annually.

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This site and its contents do not constitute financial advice.

For policy terms and conditions visit www.clientele.co.za or contact us on 011 320 3000.

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1Life Insurance Limited is an authorised financial services provider (FSP 24769).