Wondering if you can get funeral cover for your extended family members? You can – and MiWayLife makes it easy as well as affordable.
Nobody likes to think about the cost of a funeral but you should know they can be expensive. According to Sanlam’s South African Funeral Landscape Research, the cost of a funeral can range from R6000 to as much as R50 000. This is why having funeral cover for yourself as well as your extended family members is always a good idea.
To ensure you’re not left in a financial bind during a time that’s already fraught with stress, you could take out a funeral cover policy. It’s a form of insurance that pays out a specific amount of money when the life insured passes away. You could also consider a life insurance policy that includes a funeral benefit for extended family members.
The Best Of Both Worlds
If you have a life insurance with MiWayLife, you’ll be glad to know our 4-in-1 policy includes funeral cover for you as well as your family members. This means you can get funeral cover for your spouse and up to 8 of your biological, adopted or step children, 4 parents and 8 wider family members – like your aunt or uncle. Just remember that each additional family member added will increase the amount of your premium.
We also offer an accelerated funeral benefit. This pays out 10% of the total available life cover amount (up to a maximum of R50 000) upon receipt of the required claim information within 48 hours. This way, you can give your loved one a dignified farewell without having to worry about how you’re going to pay all those funeral related bills during an already difficult time.
If you’re wanting funeral cover for yourself as well as your extended family members, consider adding them to your life insurance policy. Don’t have one? Why not get a quick quote from MiWayLife? We offer a 4-in-1 policy that includes funeral cover for family members, all for one low monthly premium.
