When someone you love passes away, the last thing you need is a financial burden. Funerals can end up costing quite a bit of money so it would take a load off your shoulders if money was instantly paid out in the event of a death of one of your family members.
Let’s look at the most important reasons for having a funeral:
The average cover available to members of most retirement funds is between R3 000 to R10 000. You need to ask yourself if this will be enough for your situation. In most cases the funeral cover only covers your immediate family and not extended family.
A funeral can cost anything between R7 000 and R30 000. Planning ahead of time can help you control costs and avoid making decisions at a time when your emotions are heightened. Funeral costs are seldom considered until the time comes to organize one – which really is the worst time to have to think about money.
The payment time period depends on your policy conditions. Understand your policy conditions because most policies need you to give certain documents before payment.
Funeral cover pays out a pre-determined amount of money if certain members of your family die. You decide how much funeral cover you need and how many of your family members you would like covered. You can cover yourself, your immediate family and even your extended family, such as your aunt, uncle or in-laws. It all depends on your needs.
After the death is registered, the burial can take place without any further documentation. Some cemeteries offer ‘family’ graves and ‘public’ graves, each with different rights. If you already own a family grave, you need to get permission to have the grave reopened. You will also need to arrange for existing memorial work to be removed if necessary – the funeral service usually arranges this.
There are strict laws regarding cremation. A medical referee has to grant official permission before a cremation can take place. For this permission you need to submit death certificates from two doctors, plus an application by the family signed before a Commissioner of Oaths. If you want the cremation to be done on the same day as the funeral you cannot fix a date or time until you have the official permission. If the medical referee does not grant permission you may need to have a private autopsy done by a qualified pathologist. Alternatively you may arrange for the cremation to take place privately a few days later.
To enable your claim to be processed, the following is needed:
The Insurer reserves the right to request additional documentation it deems necessary to verify the claim. Incomplete details may cause delays and be requested again later.