While many people consider funeral cover to be crucial for covering funeral costs and ensuring financial well-being in the months and years that follow, others write it off as a safety net that they simply can’t afford. But the sad truth is that funeral plans prepare us for an eventuality that isn’t a question of ‘if’ but rather ‘when’.
Most people view a dignified funeral for a loved one as a necessity rather than an option. So, even with a limited budget, it makes more sense to have an affordable funeral plan than nothing at all. The good news is that there are plenty of affordable funeral plans available in South Africa. At the same time, it’s important to remember that the lowest premiums don’t necessarily mean the best value – so avoid choosing a cheap funeral insurer who ultimately won’t cover all funeral expenses.
At the unfortunate time of a loved one’s death, you and your family will need a plan that pays out cash quickly for all funeral expenses. Although discounted plans can be alluring, they’re no use if you can’t rely on the product. Instead, choose a reputable insurer with a proven track record that will pay out without delay. Because funeral claims are often made at an unexpected time, it’s essential to make sure your insurer has an easy and efficient claims process.
So, how do you find a funeral insurance plan that gives you sufficient cover but at the best possible price?
- Get several different quotes from different funeral insurers that you can then compare.
- Contact several insurers directly or through online insurance comparison websites.
- For more personal service, a properly qualified and approved funeral insurance broker can be a huge help.
Your funeral insurance premiums will vary according to the level of cover you choose. So, one way to lower your premiums is to choose a basic affordable funeral plan with no optional benefits and a smaller monthly premium, which will, in turn, pay out a smaller sum. A funeral insurance broker can help you evaluate the balance between costs and benefits to determine what will best cover your funeral costs.
An expert broker can assist you in getting the right level of funeral cover that suits you. By combining different policy options, it may be possible to save money. However, it’s a good idea to have a broker look at your insurance costs to customize the most efficient insurance package for you and your family's needs.
Some funeral plan benefits are unnecessary for your specific needs but be careful not to sacrifice long-term goals for short-term savings. You can get more affordable funeral cover - and ultimately cover that offers real value - by choosing products that are tailored to your personal needs.
Need funeral cover that will pay for these and other funeral costs? Hollard offers a range of funeral plans with a variety of optional add-ons. Contact us today to get a quote for the funeral cover that’s right for you.
