The need for funeral insurance

Gillie

The need for funeral insurance

If the breadwinner in your family were to die tomorrow, will there be funds available to take care of your family? We know that tragedy can strike at any time in the way of illness or an accident and young couples just starting out will hardly have the cash set aside to ensure that the family will have peace of mind, a roof over their heads and food on the table.

With a funeral insurance policy – your family will not only be assured of financial assistance in the future but the cover helps to pay for the funeral and other immediate costs through a lump sum. The funeral cover is available to all South African citizens and legal permanent residents between the ages of 18 and 75. No medical examinations are required for you or your family members

An example of the benefits of a typical Funeral insurance policy

Cover that ranges from R5 000 to R50 000
There is also an Accidental Death Benefit – in the event of an insured’s accidental death
An automatic annual increase of your cover ensures that it keeps pace with inflation
A monthly benefit of a fixed amount of up to R1200 worth of groceries for a period of up to 12 months
The use of a car hire service for up to six days with unlimited mileage and a free full tank of petrol
Up to R50 000 payout for your partner with a maximum of R10 000 for each child
Up to R10 000 one year after your death or your partner’s death, towards the expenses of an unveiling ceremony.
Accidental Death and Disability Benefit / Personal Accident Benefit in the event of an insured’s accidental death or accidental permanent disability.