The Need For Funeral Plans

Like every insurance sorts, funeral plans have an important role to play in the lives of our families

. These insurance policies pay out a predetermined cash amount on our deaths to defray any associated costs with our burial.

Numerous families are left behind in financial trouble, after having to fund a burial while it all could have been prevented by subscribing to any of a variety of affordable funeral plans. Such plans will payout numbers of between a few thousand Rand to a few hundred thousand Rands, with respect to the policy conditions and the value of the monthly premiums. Such payouts are put in place soon after the lodging of the death certificate of the deceased to the insurance firm who will pay out the first R10 000 of any claim in just 48 hours. This will aid the family to carry on with the necessary arrangements without any stress on account of accessible funds. A relatively plain burial, these days, costs around R10 000, without the cost of any tombstone involved. The cost of an extended ceremony involving many people who need to be fed and perhaps accommodated can certainly run into thousands of Rands. Funeral plans can be found with some options to aid in meeting additional costs like that of a tombstone or some care for the family following the funeral. In this connection there is an option that will provide household goods to the household for a duration of up to 1 year, at a total worth of R12 000. Some businesses will let you attach a life policy with a valuation of R4million to funeral plans. Such cash can be paid to a beneficiary, negating the need to be paid to one's estate. This frees a considerable amount of money direct to the named beneficiary to meet whatever fees.

It is a good idea to consider a funeral policy that will also cover your spouse and family. These plans are generally affordable and will see to it that on your passing your family will be afforded funerals befitting their dignity. On your passing away as the main policy holder, your family may apply for the policy to be made paid up, meaning no more monthly installments with all the benefits intact.

by: steyme42po

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