Buying funeral insurance cover can be a reality check. Plan for the unexpected and save your family the unpleasant reality of high funeral costs.
Derek Wilson, Head of Hippo.co.za says, “In these tough economics times, consumers need an easy way to find funeral cover that will meet their individual needs. Hippo.co.za offers an online comparison tool that compares prices and benefits from a range of well-known and trusted funeral insurance providers such as 1Life, FNB, Union Life, Dial Direct, Budget and First for Women”.
Some people want sufficient cover for the funeral ceremony while others need to recover from the loss of income incurred from the passing of the main breadwinner. There are also many other factors one may not consider when taking out funeral cover. Aside from the obvious costs of the chapel and minister, coffin, hearse, doctors fees for death certification and burial fees, there are also added costs such as catering for the wake/memorial service, flowers, printing of the funeral program and obituary, and the tombstone. Many people also require cover for the cost of catering and transportation for a number of family and community members.
With the current inflation rate of 6.10 percent in South Africa (http://www.tradingeconomics.com/south-africa/inflation-cpi), it comes as no surprise that the average cost of living (and dying) is increasing. During the 2003-2005 period, the cost of a basic funeral was an average of R4 300,
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Estimated costs in 2014 are around the R10 000 mark. Covering funeral costs is an added burden in a time of grief and funeral cover really does become an essential purchase.
Whether you require basic funeral cover, or one that will cover added costs such as recovering from the loss of income, there are various options to consider. Some insurers on Hippo.co.za also provide you with the option of adding funeral cover for your parents-in-law and domestic worker. Get quotes on funeral cover at Hippo.co.za
Established in 2007, hippo.co.za is South Africa’s leading comparison website that helps consumers save money by comparing a range of SA providers across financial products such as car insurance, home insurance, life insurance, medical and more. Hippo is free to use and saves consumers the time and hassle of shopping around for the best deal since the Hippo.co.za website instantly retrieves real-time quotes from the different providers using the latest Internet technology. At least 8 out of 10 people could save an average of R427 per month on their car insurance.
Hippo.co.za makes money by simply charging its partners a fee when a customer chooses to find out more about their products. The results consumers see, and the order in which they are presented, is in no way influenced by the fee hippo.co.za charges its partners or any other factors other than the price of the product being compared.