This type of Funeral Cover plan covers the funeral costs of an extended family member to relieve the financial burden from your family. A lump sum will be paid out upon official proof of death. This ensures the deceased receives the dignity and respect deserved during this time.
How does this type of Funeral Cover work?
Once the correct documentation has been submitted and approved by the Funeral Cover provider, the money will be paid out to the beneficiaries within 48 hours. Once they have received the money, they have full control of how to spend the money on the funeral and related expenses.
Different policies offer different levels of cover to suit people’s individual needs and budget. If your budget does become smaller, most companies allow you to downgrade your plan. But, do check this before you sign up to a policy as some don’t offer this option. In the event that you cannot downgrade, you can cancel the policy and take out a new one.
How will you know if you need Funeral Cover? If you had to pass away, would your family have enough disposable money to pay for your funeral? If not, it’s best to do your research and find a policy that best suits your needs. Compare quotes online with Hippo.co.za to find the right policy for you and your family.
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