Losing a loved one is hard enough. Having to contend with the stresses and financial burden of arranging a final goodbye that’s fitting at a price you can afford is a luxury that only a third of South Africans can enjoy. That privilege is, however, available to both the financially free and also ordinary people like you and me who diligently set aside a monthly premium towards their final wishes. In this post, we’ll show you why and how to buy funeral cover online.
Are you ready to find out how to buy funeral cover online? It’s actually really simple. Start the process by requesting a quote. You’ll be asked to complete a short, simple form, and receive a quote or a call-back from a friendly call centre consultant.
But why do you need to buy funeral cover, and what is the right policy for your needs? Keep on reading as we discuss the questions to ask of yourself and potential funeral insurers.
Why you should buy funeral cover online
These days, we do everything on our smart devices, so it only makes sense that we’d turn to the world wide web when it’s time to buy funeral cover online. One thing about technology is that it really makes (almost) everything faster and easier, including the process of getting a quote and buying funeral cover online.
Buying funeral cover online means that you can easily compare several companies from the comfort of your own home. It is convenient. There’s no pressure, and you can review your options in real time. Reviews from clients on social media and sites like Hello Peter give you an opportunity to compare multiple companies and policies online and even obtain discounts in some cases if you decide to buy online.
For an affordable monthly premium, you can cover yourself and up to twenty one family members under a single policy. Most funeral policies pay out in forty-eight hours after qualifying claims are processed, providing much-needed funds when you need them most. This provides incredible peace of mind when a family is overwhelmed by the death of a loved one.
What should you consider when you buy funeral cover online?
When you decide to buy funeral cover online, it is important to consider a number of aspects, including:
- The policy you need
Online funeral cover options range from basic packages with small pay-outs, to policies that include a range of additional benefits.
- The number of people you want to include
You could opt for a funeral cover policy for you alone, or you could cover yourself, your spouse, up to four children, and ten extended family members - grandparents, grandchildren, siblings, sisters, and brothers-and sisters-in-law - for up to R50,000 each on a single policy for one monthly premium.
- How much you can afford
Affordability is a major deciding factor when it comes to buying funeral cover. But with funeral costs at an all-time-high—not to mention inflation—can you afford not to buy a funeral policy? The general rule of thumb for deciding how to budget when you buy a funeral plan online is to draw up a budget for a funeral and use that budget as your guide. However, if you don’t know how much funerals cost and how much you can afford, you should speak to a financial adviser. Conducting a financial needs analysis is a great starting point when deciding how much online funeral cover you need based on your current circumstances and your goals.
- The optional benefits you want to include—
When you buy funeral cover, you can customise your policy to include the benefits you need most, when the time comes. Extras to consider adding to your funeral cover policy include:
- A grocery benefit will give you a cash pay-out or discount coupons towards catering for funeral guests.
- A meat benefit will also assist with funeral catering. Inflation has caused the cost of meat to skyrocket, but a meat benefit eases the burden while allowing for a respectable send-off.
- A transport benefit will assist with funeral-related transport costs, including repatriation of remains of any family members on the funeral cover policy and transporting guests or family for the funeral.
In addition, sometimes when you buy a funeral plan online, some policies offer cash backs and premium waivers. A cash back is usually paid out to a policyholder after a certain claim-free period. Premium waivers usually mean that once the policyholder dies, the other members on the policy will remain covered for the term of the waiver without having to pay any premiums for a set time period.
Now that you know what to look for in a policy, it’s time to find the perfect policy for your needs. Are you ready to buy funeral cover online? Don’t hesitate any longer. Buy comprehensive cover online from 1Life and save 40% on your monthly funeral policy premiums.
The views and opinions expressed in this article are those of the authors and do not necessarily represent or reflect the views of 1Life Insurance or its employees.