Risks of Not Having Funeral Cover
Not having funeral cover can have a devastating effect on your family, should something inevitable happen to you and you don’t have funeral cover. What many of us don’t understand is, when we die, our families need to scrape together funds to arrange a deserving funeral. There are many riskss of not having funeral cover. We always strongly suggest you get cover if you don’t have any. It’s not super expensive and can save you a lot in the long run.
Risks of Not Having Funeral Cover
- Your Family Might Not Have Access to Funeral Benefits
- You Might Not Be Able to arrange a Deserving Funeral
- Your Family Might Not Have Funds Available to Bury You
- You Might Have to Pay the Funeral in Full
- You Might Not Have Fund Available Quick Enough
- Your Family Might Incur Debt
- Death Can Happen Unexpectedly
- Increase Family Trauma
A funeral today can easily cost upwards of R10 000 for a small to medium sized funeral. Funerals today can really cost you an arm and a leg as there are so many things that need to be considered.
Listed below are just some of the services and items you need to arrange a decent funeral.
- Mortuary Costs
- Chairs & Tents at Grave
- Use of Hearse etc.
Considering that the above is just some of the things you need to arrange when you plan a funeral, it should be clear that the risk of not having adequate funeral cover is tremendously high.
Getting the Right Funeral Cover
When you apply for your funeral cover quote, you can select the amount that you feel deemed appropriate. Most respected funeral policies will start from around R5000 and will usually cover you to about R30 000. It’s also important to consider the extra benefits provided by the funeral cover provider. When combined, the value of your funeral policy will most likely be much more than what you realize. Some of the top provider include some of the mentioned services over and above you funeral policy payout. This can often outweigh the risks of not having funeral cover.
So in short, not having funeral cover can really take its toll on your family. Remember that if you have life cover, you will most likely not get a payout soon enough. This means your family will have to collect funds to ensure you get the best funeral possible. A great advantage of having the best funeral cover is that your family will can have access to money from as quick as 24 hours. Most South-African funeral cover providers will pay your family within 48 hours. This is subject to receiving all the required documents. So the main risk of not having funeral cover is that your family will struggle when you die.
A great benefit of most modern funeral plans are you will most likely get “live” benefits. This means that you will also benefit from your funeral plan while you are still alive. Make sure your family members get what they deserve, get the best South African funeral cover today. We represent some of the biggest names in the industry. Using our service is absolutely free. Let us help you find the best funeral plan today.
Not Having Employee Funeral Cover
As an employer, you will always have the risk that some of your employees can pass away. Not having adequate group funeral cover for your employees can cost the company tons of money. When an employee passes away, it’s often expected that the company support the family. It often happens that employees need to scrape together funds to help the family of the work colleague. Having affordable employee funeral cover can make this process much easier.
For affordable group funeral plan, simply fill in the form on the right and we will get in touch as soon as possible.