Funeral Insurance Products Tips & Advice
Finding the right funeral products and services for your needs can be scary. There is a lot of information you need to know. We have listed some important things you need to remember. We hope that these tips will help you find the best product for your needs. Let us get started.
How to Choose a the Best Funeral Plan
Firstly, there are many variables when you want to choose a funeral plan for your family. It is key to understand your needs. You should know before you apply for a funeral insurance products.
Let us look at some of the most important factors you need to study. Firstly, you need to know what type of product you or your family needs. When you choose an interment plan, you must know if you need cash only or cash with benefits funeral plan.
You must decide whom you want to cover under your insurance policy. Most providers will allow the following members:
- Spouse, Girlfriend, Boyfriend, Fiancé or Wife
- Children & Adopted Children
- Parents & Parents-in-law
- Siblings
- Grand Parents
- Extended Family
Most providers in SA will allow up to nine extended family members. You can include uncles, aunts, cousins, nephews, nieces, etc.
Finding the Right Funeral Products in SA
Finding the best products can be draining. There are many excellent providers in SA. Without help, it can be tough to find one that suits your needs.
Luckily, we have done all the hard work for you. You can simply get in touch with us. We will give you funeral insurance products from the top providers in SA. We have tried many providers in the past. We have settled upon the providers we believe offers the best service.
When we created our website, we had various vendors approach us. We gave most of them a chance to prove themselves to our customers. We wanted to make sure that our users get the best thinkable service.
Many providers exposed that they are not going to be able to please our clients. We have taken a lot of time and effort to ensure the providers we serve can deliver on their promises.
At Funeral Cover Quotes SA, we represent three of the best providers in South Africa. We represent AVBOB, Discovery & Metropolitan Life. They have all proven to us that they are the most stable and reliable providers available.
How to Get the Best Funeral Insurance Products Online?
To get an inexpensive memorial plan, you need to understand your needs. We will do our very best to suggest a provider that will fit your particular needs. We will also make sure your product is affordable. It is our responsibility to make sure you do not over spend.
The Two Main Types of Funeral Insurance Products in SA
Cash Only
Cash with Benefits
With a cash only plan, the beneficiary will be fully in charge of the money paid out by the provider. You can use several suppliers to arrange the memorial. With this type of plan, the beneficiary will have full control of the money. Any money remaining after the funeral will belong to the family. For cash only funeral product, we suggest that you look at Metropolitan Life & Discovery Life.
With a cash & benefits plan, the beneficiary will still receive a cash payout. You can use the money to arrange a memorial service all from one place. There are many benefits when you use a single provider. Any funds that remain after the funeral will still go to the family. For cash with benefits product, we suggest that you look at AVBOB.
Choosing the Right Cover Amount
Make sure you understand all the costs associated with a memorial service. The average cost of a basic funeral in South Africa is between R12 000 – R14 000. This data should give you some indication of how much money you need. Processions can quickly cost as much as R50 000. Depending on the size and class of the rites, costs can quickly spiral out of control.
Most funeral insurance products will offer clients the option to choose from R5 000 to about R50 000. Some providers even go as high as R60 000. Naturally the higher the coverage amount, the more it will cost. Selecting the right cover value is vital to your planning.
When Should I Apply?
As soon as you can afford it, you should apply. The longer you wait, the more expensive it will become. The amount of risk determines the cost of the product. The older you are, the higher your risk for natural causes becomes. Death can happen at any time, regardless of your age. Getting funeral insurance can help take care of your family if something happens to you.
Conclusion
It does not matter what option you decide to take. Funeral Cover Quotes SA will explain the benefits to you. This way you can make an informed decision on the financial options of your bereavement policy. There is no right or wrong plan. It depends on your wishes.
We have a great team of staff members that specialize in burial assurance products. We will take good care of you.
To get a free quote or assistance in choosing the best option, feel free to let us know…