Funeral cover is something that we have all heard about at one point or the other but, how many of us understand it? Here are a few benefits of funeral covers that you need to know:

Pays for the funeral

The main aim of taking out a funeral cover is that it pays for the actual funeral. In times of financial difficulties taking out a funeral cover is not only the smart option but it is also the most logical option. Funeral covers ensure that your loved ones are always able to give you a dignified funeral without any external financial issues.

Generally affordable

Most funeral covers are based on a monthly subscription model where a client contributes a small amount every month to allow them to have a pay-out upon death. There are no lump sum contributions this therefore makes funeral covers much more affordable than other insurance policies.

Eases financial stress on your family

If you are a sole breadwinner, you will most likely worry about your family going into debt upon your death. Funeral covers provides your family with security in knowing that costs related to your funeral will be completely covered. A major advantage of this is that your family is able to focus of the healing process instead of being concerned with the finances of the funeral. 

The pay-out is fast

If you have a life cover, the pay-out depends on the investigation time of the insurance house and amount of time your family takes to provide the company with all required documents. For most funeral covers, a pay-out happens within 48 hours of a claim. This means that your family can arrange a funeral as soon as possible without having to wait to complete unnecessary paperwork.