Funerals can be an expensive undertaking, especially if you want to ensure that your loved one has a dignified farewell. Death is usually an unforeseen circumstance and this means that you will need immediate cash at your disposal for a funeral.
With funeral insurance, you can avoid the uncertainty of funding a funeral on short notice. There is no need for a personal loan or other forms of credit with high interest rates. A funeral insurance plan will pay out within 24 to 48 hours and ensure that you can focus on the funeral itself and not on finances.
The nature of funeral insurance has changed over time. These days a funeral insurance plan will not only cover the undertaker costs but will also ensure money for the extras associated with a major event like a funeral. Some may even cover part of the tombstone costs for unveiling ceremonies well after the funeral.
To cater for the extended family, most funeral insurance plans will cover parents, kids and even grandparents all under one policy. It allows the breadwinners of the immediate and extended family to rest assured that they will nt be financially burdened in the even of death.