It's an unfortunate fact of life that lives must come to an end at some stage in time or other. The issue is actually that whenever a person's life comes to an end they often leave loved ones behind. It is our family members that we ought to be thinking of when it comes to considering our passing, not really how we will feel about it. There are a lot of things that your friends and family will have to deal with and worrying about how to pay for your funeral service should not be among them.
That's exactly where funeral service insurance comes into play. Funeral service cover is there to give your friends and relations the financial assistance that they're going to need to cover the cost of your funeral. If you think about what some people wind up having to pay for funerals and memorials this is definitely a great form of insurance to have. Here is a look at how it actually works. For more information on disability and work go to https://www.instantlife.co.za.
Most forms of funeral service insurance coverage are rather inexpensive. You can aquire a few tens of thousands of cover for under a 100 rand per month in rates. The total amount that you pay will normally be based on your age and some other risk factors, however, you won't be assessed in quite the same way as you would if you were trying to get life insurance or critical illness cover. The requirements are a lot looser.
Once you have begun to pay your premiums there will usually be a few months waiting period. The period will vary from policy to policy and you need to read the fine print of your policy paperwork to figure out how long you will have to wait before you are covered. As soon as that waiting period is done you are able to relax and merely need to make sure that you simply pay all your premiums.
When you pass away your partner or family friend will have to present the insurer with a death certification. This will prove to the insurance company that you have indeed passed away and they need to pay out the value of your coverage. They'll generally do so within a couple of days of being presented with the actual certification. This will likely then allow your loved ones to plan as well as schedule your funeral service without needing to worry about how they are likely to pay for it. You may have to specify who to make the payout to though. This varies from policy to policy.
As you can tell, a funeral policy is a great idea as it can save your loved ones a lot of stress and allow them to get on with the grief process without having to worry about how they are going to pay for your funeral. Your passing is going to be tragic enough and you don't want to place additional or financial pressure on the ones that love you by forcing them to invest in your funeral service too. Rather be ready and have all of your personal insurance coverage sorted out from the beginning.