Death is the last thing that you do not want to think about but the sad thing about it is that you need to consider a lot of things if death does occur in your family. Funeral covers have been existing for years now and they have been created to assist families in having decent burials. Funeral covers are very helpful; we all know how expensive it is to cover the costs of a funeral and that funerals can be quite demanding. Funeral covers are not expensive and there are different packages that you can choose from.
How funeral covers work
Funeral covers work as an insurance plan and they come in different packages. Funeral covers pay-outs are different from life insurance. With life insurance, you can claim whenever you resign or your family can claim when you die because that is the insurance money that will help you takes care of you and your family. With funeral insurance, you can choose a package that you will be able to pay and that has different benefits to it. A funeral cover helps you with the burial costs of your family member. You can claim immediately when you find out that there is a death in the family and you will receive the pay-out within 24 hours or 72 hours depending on which insurance company you are using.
The funeral cover packages differ in prices. Some funeral covers offer tombstone packages, catering, casket and vehicle packages. These packages are paid for and they are not expensive. Funeral cover payments can be done by debit order or by depositing the money to the funeral parlour or to the insurance company that you decided to take the cover with. It is important to make sure that you take a cover that you will be able to afford because if you do not make any payment in due time then your cover will lapse.
Funeral cover pay-outs are not a large amount of money like life insurance. Life insurance can pay up to one million rands or more depend on how much you pay on monthly basis. With funeral covers, you can get up to five hundred thousand depending on which package you choose and how many beneficiaries you have. Funeral covers start from just R99 per month and you can add as many family members as you can.
Cover24 is an insurance company that has different funeral cover plans that you and your family can benefit from and have a decent funeral for your loved ones