Having funeral cover in place is important to cushion yourself financially during a very tough time. While funeral cover can never ease the pain of your loss, it can help to make the path ahead just that much easier.
As a provider for your family, there are three reasons why you should look into funeral cover
1. Avoid leaving your family high and dry
2. Avoid prolonging the process – funeral plans pay for funerals
3. Dodge the debt
Why Is Funeral cover Important?
It eases financial worries.
If you’re the main breadwinner, the very last thing you want to happen when you die is for your loved ones to be left with the financial burden of paying for your funeral. At the same time, if someone in your family dies, you don’t want to have financial worries while you’re dealing with grief and shock.
It gives you closure.
When you lose someone close to you, having a proper funeral is an important part of the grieving process. If you can’t afford a funeral, this can mean an open-ended sense of loss with no official goodbye to the person you love.
It gives you cash quickly.
Even if the person who dies (be it you or a family member) has money to their name, it can take a while to access those funds due to legal procedures involved in winding up an estate. Funerals normally need to be organised very quickly and often must be paid for immediately too. Having funeral cover helps.
It helps with related funeral expenses.
Beyond the cost of a funeral itself, there are many other associated expenses that you may not have thought of. These can include things like paying for a headstone and transporting guests to and from the funeral, the ceremony the church.
It gives you support.
Often you can get other kinds of support beyond just financial help. This can include things like bereavement counselling, legal assistance to do with the funeral procedures e.g., obtaining death certificates and help with organising the details of the funeral.
Funeral cover pays out much faster than life insurance policies. They’ll take care of the immediate costs while the estate is being wound up, so your family can avoid shouldering any additional debt.
Let us find the best Funeral cover for you!
Until next time.
The MoneyShop Team
This article has been prepared for information purposes only and it does not constitute legal, financial, or medical advice. The publication, journalist, and companies or individuals providing commentary cannot be held liable in any way. Readers are advised to seek legal, financial, or medical advice where appropriate.