Funeral insurance plans are common place in South Africa, with many options to choose from and with all this choice, it might be hard to decide what the best funeral plan insurance is and which one you should take. Instead of starting at the insurance provider, rather start with doing your homework and deciding what you want.
Where to Start
Sometimes the best place to start is to think about what you want at your funeral to honour your life, think about things like do you want lots of flowers, or do you want to be buried or cremated? Will you want a big funeral or a small goodbye? Once you have an idea of what you want, you can estimate costs, don’t forget to add inflation. Now that you have the estimated costs of your funeral the next step is to decide if you would like to leave money behind for any of your loved ones. You also need to decide who you would like to add as members on the policy and what cover they’ll need. This will then give you the total cover amount, for example R50 000 or R100 000 for yourself, that you need to consider ‘covering’ with a funeral insurance plan.
Now that you have an idea of the cover amount you need, you can begin by doing a funeral plan insurance comparison. Start by deciding which companies you would like to be covered by, once you have a couple of them, you can complete funeral plan insurance quotes – most companies provide you with an online funeral quote option from their website or at least a call me back option – which you can use. By using these options, you can get an idea of the premium you will pay for both yourself and any members you are considering, so make sure that you get cover in line with what you can afford, you can always get more cover later, or add members later, if you cannot afford the premium now.
Learn more about what questions you should ask when taking out funeral cover?
Finally, when you have the premium you can afford you can look at funeral plan insurance policies. Make sure you look at the benefits each insurance company offers and once you have decided which suits you best, then you can choose a funeral insurance provider.
Sometimes starting at the very beginning helps smooth the process in deciding what is the best funeral cover for you and which company to take it with.