Funeral Insurance
Funeral insurance is becoming an increasingly popular form of cover to take out. For the nominal amount every month you can have the cost of organizing your funeral taken care of. This is seen as good way of handling the event of bereavement since death is an emotional event and the organization of a funeral can be a strain to all involved. Funeral insurance can take care of all the fine detail of your funeral. The cask, the flowers, the service and every aspect in between is covered by funeral insurance. Funerals have been increasing in cost in the past decade with the average funeral going up by 90% in that time.
Who do we recommend for funeral insurance?
We recommend Zurich for funeral insurance because:
- Instant cover available
- Simple & easy to understand
- Guaranteed acceptance between 19 and 80 years
- Cover from $5K, $10K or $15K
- Double benefit payment if death is caused by an accident
- Coverage until you die – no matter when!
Head on through to Zurich now and accept the terms & conditions on the first page and then select Ezicover Funeral Plan to select your level of cover. You can get an instant quote right then and there.
Who needs funeral insurance?
Funerals are an inevitable event and there are two schools of thought, you’ll be dead so you don’t have to worry about it or you want to make the event as easy as possible for your loved ones. A life insurance policy is a payout in the event of death and the money from that can be used on funeral expenses, however, many people choose get a separate policy specifically for the funeral as you will have preplanned and prepaid your funeral. In essence, anyone can have funeral insurance but if you need funeral insurance is completely up to you.
What typically does a funeral insurance policy cover?
Funeral insurance can be as detailed or as basic as you like. A basic burial policy will only cover the basic costs of a funeral such as a casket, however, may not include a service, flowers, car transportation or any of those smaller details that you wouldn’t have considered. it's worth knowing that even a basic funeral can start at around $8,000 (2008 figure)
Any policy above a basic policy will cover all the above items and also include essentials like embalming, labor for all the people in the funeral process and the plot of used in the event of burial.
What typically does a funeral insurance policy not cover?
Check that your policy is adjusted for inflation over time as you will not want to be caught short at the time. Also check that it covers transportation costs as in some policies this is an optional extra. Check that the policy covers things like burial and fees payable to the cemetery.
Additional insurance products that policy holders might need in this area
Funeral insurance only covers the costs associated with the funerals. It can also be worthwhile thinking about a life insurance policy as this policy will cover your family in case of death.
Additional coverage for a funeral insurance policy
The list of possible inclusions is vast and you can be as elaborate as you wish with your funeral insurance policy. You can get any extra you wish for your funeral as ultimately you will pay for it in its entirety.
What will funeral insurance typically cost?
A funeral insurance policy is not an assessment based on risk. It is a certain event that you want covered. You don’t pay a premium to cover the chance of the funeral. You know and the insurance company knows that the funeral is going to happen so you basically prepay it. The amount you prepay reflects the cost of the funeral you choose to have. This will cost thousands of dollars, how many thousand is up to you.
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