Understandably most people don’t plan for their funerals, but not doing so can leave loved ones having to make difficult decisions at a distressing time.
When a breadwinner dies, the family don’t always have access to money. They want to arrange a fitting and respectful ceremony, but find themselves under enormous pressure trying to make the arrangements and find the money to pay for the funeral, which can be expensive.
This additional stress, when people are in mourning, can result in them making poor decisions which could have long-term implications for the family’s financial security.
A funeral plan won’t diminish the pain of losing a loved one, but can reduce the stress associated with organising and paying for the funeral.
Funeral plans are generally affordable, with monthly premiums amounting to a few rand a day. The application process is relatively straightforward and no medical examinations or HIV tests are required. Importantly in the event of a family member’s death, the payment is made within 24 hours of the claim documents being submitted.
Additional options can be added, such as a memorial benefit to pay for an unveiling ceremony or a groceries plan that will pay the family a fixed monthly sum of up to R1 200 a month for a year.
To find out more about funeral cover, the costs and benefits click here.