Saturday, July 14, 2018

Reduce Financial Stress With Funeral Insurance



Funeral insurance provides a lump sum of cash paid to your family or nominated person to cover the expenses of funeral costs in the event of your death. It is designed to reduce your family's financial burden at an emotional time. A death in the family is a painful and difficult time, the stress of this situation is often magnified by the financial pressure to cover the costs of a funeral as you deal with the loss of a loved one.

Regardless of your age or health the insurance plans offered can be paid in a single premium or spread over 3, 5 or 10 year period and when the time comes to make the claim your fund will be available quickly. Most of the claims are paid within 24 hours after the necessary documentation is received.

Funeral insurance offers one way to plan ahead and cover funeral costs. Different plans cover different costs, some will cover things such as burial fees, grave digging fees or cremation costs, while other plans offer tiered levels of cover. Most of the policies do not cover all of this so it is important to read the small print carefully before buying.

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