Been thinking about getting funeral cover for your parents? MiWayLife’s 4-in-1 policy will give you life cover as well as a funeral benefit for extended family members.
Nobody likes to think too much about it, but should one of your parents pass away, you’d want to give them a dignified farewell. Thing is, the cost of a funeral in South Africa is considerable. According to Sanlam’s South African Funeral Landscape Research, it can range from R6000 to as much as R50 000. In fact, just the cost of cremation alone is between R7000 and R15 000.
To protect yourself against a considerable financial burden during an already challenging and stressful time, you could always take out a funeral policy. This type of insurance provides a designated sum of money when the insured life passes away. Still, an even better way to safeguard your finances is to get a life insurance policy that will pay out a lump sum amount to your nominated beneficiaries in the event of your passing due to illness or accident in addition to a funeral benefit for yourself and your extended family members.
Get A Life Insurance Policy That Includes Funeral Cover
If you have 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 4 parents as well as your spouse, up to 8 of your biological, adopted or step children as well as 8 wider family members – like a step parent. Just remember that each additional family member added will increase the amount of your premium.
Another big plus about our all-in-one policy? It includes an accelerated funeral benefit that pays out 10% of the total available life cover amount (up to a maximum of R50 000) within 48 hours of submitting the required claim information. This way, you can give your loved one the final farewell they deserve without the stress of worrying about funeral related bills during a difficult time.
The Bottom Line
If you’re wanting funeral cover for yourself as well as your extended family members – including your parents – why not add them to your life insurance policy? If you don’t have one, now’s the time to change that. Click here to get a quick quote from MiWayLife. Our 4-in-1 policy includes funeral cover for your family members, all for one low monthly premium.
