Funeral Cover
Funeral costs are seldom considered until the time comes to organise one. And that is probably the worst time of all. Depending on the requirements it could cost anything between R7 000 and R30 000!
As sombre as it sounds, your own funeral is very rarely considered. The thought is brushed away with the misconception that there will be enough money in the estate to cover the cost. The problem is that access to funds is temporarily suspended until such time as the estate is wound up. That means loved ones end up paying the costs upfront.
Different cover for different needs
There are a number of options to consider when considering funeral cover.
These include:
- Funeral cover for yourself
- Funeral cover for yourself and your immediate family
- Funeral cover for your extended family, which could include your mother, father, brother, sister, aunt or uncle and even your in-laws.
Old Mutual Solutions
To help protect you against those unexpected expenses Old Mutual offers two types of funeral cover.
These are: - Funeral Plan Range: this range of Plans offers you the option to cover yourself and your immediate and extended family. You can choose between our Care, Standard and Comprehensive+ ranges of these Plans, depending on your needs - and your pocket.
- Greenlight Final Expenses Plan: this plan also offers you the option to cover yourself and members of your immediate and extended family. Medical testing is required in some instances.