The importance of funeral cover

Death. It’s not something we like to think about but when there is a death in the family most people wish they had extra cash to pay for the funeral.

Like it or not, death is a part of life and something that has to be planned for. Buying a funeral policy for you and your family should not be seen as a grudge purchase. It’s about you protecting your family against the financial burden of funeral expenses in the event of death of a loved one.

What funeral cover can do for your family

Think about it. If you are the sole breadwinner then your salary pays for rent, groceries, utilities, travel costs, school fees, clothes – the list is endless. Then one day, you might not be here anymore. Not only will your family have to cope with losing a loved one, they’ll also have to take care of the funeral. These days a simple funeral can cost tens of thousands of rands. But if there is no money readily available, they will have to deal with the added stress of the paying for a funeral. Will they be able to cope?

You must also think about how you as the sole breadwinner would afford to arrange a funeral if you lost a loved one. Would you have to borrow money, or ask other family members to contribute?

Sanlam will give you the peace of mind of knowing that you will have money to pay for the cost of a funeral should you lose a family member that you’ve covered on your policy.

Funeral cover: the advantages

Most funeral policies allow you to add other family members by paying a small amount each month towards the cost of a funeral policy for all your family members. The funeral policy will pay out a lump sum payment if one of the family members passes away so that they can be buried with dignity. You will not have to add more pressure on your own personal finances.

The amount of cover on a funeral policy is lower (often no more than R50 000) than a life insurance policy and there are no medical tests required. The cover amount is usually paid out within 48 hours after the claim is received along with all the required documents.

If the funeral costs are less than the amount paid out then the rest of the money can be used for other family needs like groceries, rent, school fees and transport.

Your family can focus on a new way of life, without having to worry about any financial burdens.

Sanlam online Family Funeral Plan

If you’re thinking about making sure that you and your family will be covered in the event of death, the Sanlam online Family Funeral Plan could be just what you need. There is no medical exam needed. Simply enter the details of those you want to cover, choose how much cover you need and how you want to pay – all online.

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Online Funeral Cover Quotes

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