When Should You Obtain Memorial Service Coverage?


Right now you know that you should have some type of funeral cover in place. What you may not be certain of is when you should actually arrange to have your funeral service cover started. Here are some things that you should think of.

The first thing to consider is the unpredictability of the world which we live in. Many things can happen at any time and we simply do not know what tomorrow will bring. For this reason it is best to ensure that you get funeral service cover arranged for you and your family as early on in your lifetime as you possibly can. As soon as you have anyone else in your life that depends on you for some support, financially or else, you have to ensure that they will be able to take proper care of your remains without the stress of the financial stress that the price of a funeral can bring along with it.

Additionally you need to remember your budget. Funeral insurance coverage is one of the cheapest types of insurance which exists and also one of the easiest to acquire. Which means that your financial allowance should not be any issue. Nevertheless, you do need to take a look and make sure that you will be in a position to afford the month-to-month commitment that a funeral insurance policy will mean. This is definitely something that you need to take into account when it comes to taking out a funeral insurance plan.

The biggest factor that you have to consider is how your own family is going to be able to afford to pay for your funeral if you should pass on right now. If you have some sort of checking account which already has a few tens of thousands of Rands in it exclusively earmarked for a funeral service then you should be fine to delay the purchase of some sort of funeral service policy for a while. You shouldn’t leave things to chance however. The funeral service policy will release those saved up funds for other things which may be just as essential, an educational fund for instance. For more information on private health insurance, go to http://www.instantlife.co.za.

As you can tell, there are a variety of things that you need to think about with regards to insurance coverage and when to take out a particular type of insurance policy. If you are not sure about whether you need to take out an insurance policy of some type or not you should speak to a certified financial advisor. They’ll be the person best qualified to give you the advice you’ll need.

Make sure that you get all of the insurance policies that you need in position before you need to have them. The last thing that you would like is to be caught without a specific policy just when you really need to have it. The policies have to fit into your financial allowance at the same time however. For this reason consulting with a financial consultant is a superb thing to do, even if you already know what you want to do and just what policies you’ll need.


How Funeral Insurance Coverage Works


It is an unfortunate fact of life that lives need to come to an end at some point in time or other. The issue is that whenever a person’s life comes to an end they generally leave loved ones behind. It is our loved ones that we should be thinking of when it comes to contemplating our passing, not how we will feel about it. There are plenty of things that the friends and family will have to deal with and worrying about how to pay for your funeral should not be among them.

That’s where funeral service insurance coverage comes into play. Funeral cover is there to give your friends and relations the financial help that they may need to cover the cost of your funeral service. If you consider what many people wind up having to pay for funerals and memorials this is definitely a good form of insurance to have. This is a look at how it really works. For more information on life and disability go to https://www.instantlife.co.za.

The majority of types of funeral insurance are rather inexpensive. You can get a couple of tens of thousands of cover for under a 100 rand a month in premiums. The amount that you pay will normally be based on your age and a few additional risks, however, you will not be assessed in quite the same way as you would if you were trying to get life insurance coverage or critical illness cover. The requirements are a lot looser.

After you have begun to pay your rates there will usually be a few months waiting period. The period will differ from policy to policy and you need to read the fine print of your policy documentation to figure out how long you will have to wait prior to being covered. As soon as that waiting period is done you are able to relax and merely need to make sure that you pay all your premiums.

When you pass away your spouse or family friend will need to present the insurance company with a death certificate. This will prove to the insurance company that you have indeed passed away and that they need to pay out the value of your coverage. They’ll generally do so within a few days of being presented with the actual certificate. This will then allow your loved ones to plan and schedule your funeral without having to worry about the way they are likely to pay for it. You may have to specify who to make the payment to though. It varies from policy to policy.

As you can tell, a funeral policy is a great idea as it can save your family members lots of stress and permit them to get on with the actual grief process without having to be worried about how they are going to pay for your funeral service. Your passing will be heartbreaking enough and you do not want to place additional or financial pressure on those that love you by forcing them to invest in your funeral service too. Rather be ready and have all of your individual insurance coverage sorted out from the beginning.