Funeral covers may be obtained for as little as R38 per month paying R10 0000 on your death to cover funeral service costs. Some firms will give you R30 000 for R85 per month. These figures however are dependent upon your age when you enter the plan and only covering yourself. Clearly the larger the amount to be covered, the higher your age and the number of individuals to be insured in addition to any options to be added will heighten the regular monthly premium. The overriding concept though is that funeral covers are cost-effective.
There are numerous corporations offering funeral covers, all with their own policy options and gains and you will want to look at as many as possible, before making your final decision on any one product. You could do this on the internet and obtain true quotes that will highlight the options and costs or you might visit an insurance broker for advice on a policy that could possibly be customized to suit your circumstances. Some firms will supply funeral covers of up to R300 000 although some may impose a maximum of R30 000. Some businesses may offer more or less options at different costs to other companies. Keep in mind that your age does play a role on the cost of entering any funeral covers and that the highest allowable age of entry to such cover is normally 65 years old. Once being accepted to such policy, it is valid for life, provided you pay your premiums as stipulated.
Dependant upon what you can manage to pay for it is worth looking at the option of including your spouse and even your kids in the policy. The insurance companies will further allow the addition of your extended family as well, but as an alternative. Some insurance providers will link a particular life cover policy to funeral covers, paying out an additional sum on your death. Should you make such policy payable directly to a beneficiary; the proceeds will be paid instantly to the inheritor and not into your estate. This has the effect of making up to R4M accessible to your beneficiary on your dying.
Samson is definitely an expert in funeral covers, among their preferred websites is https://www.instantlife.co.za. This site offers a lot of info on funeral covers.