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What is funeral insurance?

Funeral insurance is a form of life policy that pays for funeral and burial expenses. The amount of cover for a funeral policy depends with the policy you take or the insurance company. The funeral benefit is usually paid within a very short period: the longest period it can take is 48 hours.

Who needs funeral insurance?

Purchasing funeral insurance gives you the peace of mind and help you financially, should you the policyholder or one of your dependents die. A funeral insurance plan is not for the old only, anyone can die anytime and that is why it is important to have an insurance policy. Funeral insurance cost
The premiums that you pay for funeral cover depend on your age. Premiums can be paid every month or every fortnight, otherwise it depends on the insurance company that you are dealing with. The lump some benefit that your family receives will be used to pay for things like the casket, flowers, burial plot and food for the funeral. The funeral benefit can also be used for other things, that is, to pay for outstanding bills and other family expenses when the bread winner is gone.

Do you need medical examinations?

Unlike other life and health insurance plans, a funeral policy does not require you to have a medical or blood test. The insurer will not ask you anything along those lines so, your acceptance is guaranteed. This means that anyone can take this cover even if you have some chronic disease. There is also no medical examinations done to your family members.
How about family members Most insurance companies provide cover for family members in the event that they die before you. In order to apply for a funeral policy, you only need to fill an application form that requires you to provide your personal information like your name, age and the number of dependents as well as the benefit limit. You can either apply online or visit the funeral insurance company. It is advisable to compare quotes first before you can make a decision: you want to make sure that you take the best funeral insurance for you and your family.

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