Who Needs Burial Insurance?
Who Needs to Get Burial Insurance
The easiest way to answer this question is simple. Everybody!
Most young people are covered with their parents until a certain age. Most burial insurance policies will offer a child cover up to the age of 21, unless the child is a full time student. Full time students will be able to receive cover to the age of 25. As soon as a child’s cover expires they are usually vulnerable.
The importance of burial insurance is the same for everybody. As a young adult, you have just as much risk as an older person. Young people lose their lives often due to a variety of difference events. This can include car accidents, sickness, murder etc. So the notion that only old people need funeral cover is completely false.
The older you get, the more you will have to pay for your burial insurance. Premiums are calculated according to age, relationship and amount of cover. The older you are, the more you will pay per R1000 cover. So to wait too long can be risky.
The responsible thing to do is to have burial insurance regardless of your age. The miserable truth is that everybody will die – this is beyond our control. To be prepared for this unfortunate event is vital.
Regardless of a person’s age, you can pass away at any time. In most cases, the result of not being prepared will be the same. Your family might have to fund the funeral out of their own pockets.
The cost of a funeral today can quickly run into the 10’s of thousands. It’s become extremely costly to part with our loved ones. Even with modern cremations, it still cost a ton of money. Having burial insurance ensures that the funds will be readily available.
Even though a deceased policy holder will not be there to see the effects of the funeral policy, it will be worth it. The last thing anybody wants is to part this earth with a family in financial strain. If you do not prepare for your death, your family will suffer the consequences.
So to wrap it up, if you have a pulse, you need some sort of burial insurance. It’s a selfless preparation for the inevitable. You can also include various family members in your burial insurance plan. This way you can help less fortunate family members prepare for this day.
To get your free burial insurance quote, simply complete the basic contact form on our website. A friendly consultant will get right back to you. We can assist you with amending your quote to fit your exact needs. You can add up to 9 relatives. This includes your spouse, children parents and extended family. Extended family will include uncles, aunts, cousins, brothers, sisters etc.
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