Before a substantial portion of the country's 19 million residents who have funeral insurance put food on their tables each month, they put away savings towards their own funerals and that of their families. Death is unavoidable, but so is the expense of a funeral. In this post we will show you the typical funeral costs to expect and how to get funeral cover online.
The unpleasant reality of funeral expenses
Funeral costs have climbed significantly over the past few years. Here's a breakdown of how much it costs on average to hold a proper funeral and all related services.
Repatriation of human remains: The cost of transporting remains will vary based on the distance and services chosen.
Funeral home costs: The costs include the preservation of the body, preparations for the funeral, and hearse transportation.
Coffins: Coffins are priced differently depending on the materials used to make them, their style, size, and other factors and may cost anywhere from R700 to R25 000.
Burial plots: Grave sites are subject to municipal pricing, which can range from R300 in rural regions to R2 500-R4 000 in major cities.
Cremation: Cremation is far less expensive than burial. Cremation will cost a maximum of R2 500. Depending on where you or your loved one want their ashes strewn, there may be an additional cost.
Remember, these costs do not include catering, flowers, or tombstones.
Catering and livestock costs vary depending on the size and sort of funeral your loved one prefers. However, a single cow can cost the ordinary South African family thousands of rands.
Hiring a funeral venue is another expense that is based on how many guests and where you need to host the event. It might be at home, in a hall, or in a marquise.
It's normal to feel burdened and overwhelmed by the death of a loved one and having to deal with the anxiety and financial stress of funeral costs, on top of the grief. Many South Africans opt to pay monthly for their funeral cover due to the high cost of funerals.
Get funeral cover online
Many individuals are unaware of the fact that they can purchase online funeral cover from the convenience of their home, office, or wherever they have an internet connection. While some people prefer sitting down with a broker, others prefer the convenience of managing their lives from their devices. Buying funeral cover online means that you can easily compare multiple online funeral cover quotes, read reviews, research benefits, and sometimes even obtain discounts on your premiums.
How to get an online funeral cover quote
If you know how much money you'll need for a funeral, you can get an instant online funeral cover quote on some insurers’ websites. It’s as simple as Googling insurance companies who offer funeral cover quotes online. Research products on their websites and submit your details for a quote. If a company doesn’t offer online funeral cover quotes, you can always call them to speak to a consultant.
But if you're unsure about exactly what you need, why not complete a financial needs analysis (FNA). Speaking with a qualified financial advisor might help you find an affordable funeral policy or even life insurance policy.
A financial needs analysis (FNA) looks at your current financial circumstances, your financial needs and goals, and the steps you must take to get there. An FNA outlines what you need to do to ensure that you will be financially comfortable in retirement and that you and your family can pay the funeral expenses in the event of a death in the family.
How to apply for funeral cover online
Once you’ve secured a few funeral cover quotes online, compare the premiums, benefits, number of family members covered and how much cover you can get for each member. Choose the company that suits your needs best, and find out if you can buy funeral cover online from them. It is often quicker and easier and faster than using a call centre. And sometimes you save.
When you purchase 1Life Funeral Cover securely online, you will receive a 40% discount on your monthly premium. Purchase today and receive funeral cover for you and up to 16 family members on a single policy. You and your loved ones can get up to R50 000 in cover each—providing you the assurance that you and your funeral expenses are covered in as little as 10 minutes. 1Life funeral protection offers R16 000 in benefits, and qualifying claims can be approved in under 3 minutes. To receive a free online funeral cover quote, just fill out our short form.
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.