Introducing the Flexible Funeral Plan Policy

Most of us are convinced that our own funerals are an event to take place far in the future and that there is ample time to plan for this while we are feeling healthy and strong and building a better future for ourselves and our families.

However, now is the best time and state of mind to make provision and decisions for this life event. Not only are you able to keep the objective distance that is required when you are dealing with potentially upsetting events, but you are also not experiencing the demands and stress of life-threatening illness and other adverse events at this stage.
Another benefit of getting your funeral planning in order is that once it is completed, you will gain peace of mind knowing that you and your family are taken care of in the unfortunate event of a loss. This means that you can carry on with the business of living life to the full.

When there’s death in the family, the last thing you want to worry about is where the money will come from to provide a proper funeral. One way to prevent this is to get funeral cover.

But if you’re not sure what’s involved in funeral cover and whether it’s really necessary to pay for something now that you might only use in the distant future, read on as a funeral plan policy  covers the A to Z of funeral cover.

What does funeral cover entail?

A funeral plan provides the assurance that, if you or your insured family member(s) pass away, the cost of the funeral will be taken care of so that the financial security of those left behind won’t be at risk.

Think about your current situation. Would your family be able to afford the expenses that would come with laying you to rest? Would it require them to use credit or go into debt to pay for it? How would that affect their financial future?

What type of costs come with a funeral?

Even a modest funeral can cost thousands and there are often unexpected costs that add up quickly. Excluding the unforeseen, these are some of the things that will need to be paid for:

• Coffins can vary in costs, and even if you choose cremation instead of a burial, you will still need a coffin for the deceased.
• If you choose cremation, the process needs to be paid for and, depending on your choice of urn, it could cost extra.
• If you choose a burial, you’ll be paying for the land and the cost of laying the deceased to rest in it. The municipal area the grave is in can also influence how much it costs. And if you want a tombstone, the price will range depending on the type of material you choose.
• There are certain processes and procedures that need to be followed with deceased people, including storage, preparing, and transporting the body.
• A post-funeral gathering of friends and family will call for drinks and eats. You might have to hire a venue or a tent and, depending on the location and the facilities, you might need to pay for transport costs. 

The actual costs might differ, depending on the provider and personal preferences you choose.

What can you expect from our flexible funeral cover with Standard Insurance Brokers?

• Our Flexible funeral plan provides a specified lump sum payment in the event of death, to a maximum amount of N$120 000 which you can use to cover the different funeral costs.
• You can get cover for yourself, your spouse, children, parents, in-laws, and extended family members. 
• With the s Flexible Funeral Plan, you can choose which benefits suit you, how much cover you want for each family member, how much you want your premium to be and the additional benefits you want.
• Proof of relationship at claims stage will be required.
• If your claim is approved and all the documents have been received, you'll be paid out within 48 hours. 

Having a Flexible Funeral cover policy in place will help ease the financial stress that many often face when covering the cost of a funeral. It also paves the way for you to protect your loved ones from having to cover the cost of a funeral out-of-pocket, or to take on debt to do so.

Visit your nearest branch to apply for your Flexible Funeral Plan.