Funeral insurance quotes offer funeral insurance benefit cover in South Africa. You can get cover for you and members of your family. So that when someone dies the insurance company pays out cash quickly. To cover the costs of the funeral. Most funeral insurance companies try to settle claims within 48 hours.
You will find that funeral insurance is useful for many people. Because it means that the grieving family does not have to worry about money during a difficult time. After a loved one has died.
How Much Does Funeral Insurance Cost?
Premiums vary according to your age. Also the number of people for whom you want to cover. And the kind of cover you want. The more expensive the funeral you want the more you will have to pay in insurance. Costs include the price of a coffin and hiring a hearse. As well as mortuary fees and a basic undertaker’s fee.
In addition, further costs of a funeral would include the grave and the funeral service. Also food for the mourners if you are providing a meal. As well as flowers and possibly transport for the mourners.
Funeral insurance is usually cheaper to buy as part of a group. The premiums you pay are lower. Because the insurance company can spread the risk over the whole group.
Employers offer funeral cover as part of the group benefits through your retirement fund. Trade unions and professional societies can also offer funeral insurance. You will pay through deductions from your salary. Or as part of your union membership fees.
If the benefits you receive in this way do not seem sufficient. Then you can top them up by approaching one of the life assurance companies directly. Or by joining a burial society or contacting an undertaker.
Funeral Cover Increasing
Whatever kind of funeral insurance quotes you choose re-evaluate the benefits every few years. Funeral costs rise. So make sure your premiums will still cover the kind of funeral you want.
If your premiums are not kept up to date with rising costs… You or your family could be in for bitter disappointment. Policies are available that can rise automatically every year to take account of increases.
Funeral insurance companies generally offer you choices. A policy can be just to cover you. For you and your immediate family and for your parents and parents-in-law. Or for your brothers and sisters.
It is cheaper for you to insure your parents-in-law than for them to do it themselves. As older people pay more for funeral insurance and quotes will be higher. Sometimes the cover comes as part of a package. Including life and disability insurance.
In conclusion, do your research and take your time. There are lots of options available to you for decent and cheap funeral insurance in South Africa.