For most, it’s easiest to nominate your beneficiary from day one. You can do this when you first sign up for Funeral Cover. This way you don’t have to worry about there being any problems later. The last thing you want is issues when there is a claim. Firstly, we always suggest you choose a person who is of legal age. This will prevent a lot of complications. A funeral plan is designed to take care of the burial expenses. It’s important to make sure you make the right person your beneficiary. Secondly, you must trust this person. The money will go directly to them. You have to choose a responsible person. Always make sure the beneficiary is aware that they are nominated. We always suggest you confirm with your beneficiary. Make sure they are comfortable with the nomination.
What happens if you don’t nominate a beneficiary?
With some providers, the payout will be to a spouse or another person on the policy. However, if you nominate a beneficiary, that person will be the first in line to handle the claim. We do not suggest you leave the beneficiary section blank when you sign up for your funeral policy. This can cause major problems later. Rather be safe than sorry and do it as soon as possible.
How do I put in a claim for funeral cover?
To claim, your beneficiary will have to contact the provider directly. We always advise our clients to do it as soon as possible. The provider will tell the beneficiary exactly what they need. Once they receive the supporting document, they will process the claim. The provider will direct the beneficiary. All options will be explained ant the burial arrangements can begin.
Generally, this is going to be:
- the policy documents
- a death certificate
- Beneficiary’s identity
Remember, claims cannot settle and paid until all the paperwork is completed. Most providers do this within a day or two. Below is an indication of how quickly our provider settles claims: