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Life Insurance
Funeral Cover for Extended Family Members
Funeral Cover for Extended Family Members
06 Aug 2020

Funerals can be costly, and this cost can increase if you do not have a funeral policy in place. More people are looking for an affordable cover that can cover them and their extended family members. Here is what you need to consider.

Will you be able to cover them under one premium?

MiWayLife understands that every family is diverse, so why be covered by insurance that sees you the same? Which is why we have tailored our funeral policies to cover the main life insured (the person who owns the policy) and extended family members under one premium. This helps you avoid the financial strain of having to pay for multiple policies which can be hard to keep track of and cause a financial strain in the long run.

How many people will you be able to cover?

While some families may be small others are large. Being able to cover your loved ones shouldn't be a hassle, which is why it is important to check if you will be able to add more than one extended family member under one cover. Remember to ask your insurer if there will be any additional costs that come with covering more than one extended family member.

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Is there an age limit?

While most funeral covers do not require that you undergo a medical examination, there may be some limits that are applied based on age. For example, there is a limit on the cover amount children and senior citizens can get. By law, children under the age of 6 years old can be covered for R10,000 and children between 6 - 14 years old can receive a maximum cover of R30,000. Senior citizens can be covered once they have exceeded the waiting period.

What is the waiting period?

The waiting period is a protective time frame that is put in place by insurers to protect themselves from high-risk individuals. What this means is that when you have taken out a policy, you will have to wait six months before placing a claim. Should you or one of your extended family members die within the six months, your claim will not be processed, meaning your insurer will not cover you for any funeral expenses. However, should you or one of your extended family members die after the six months they will be covered. 

Need more information on MiWayLife? Read about our life insurance product, or get a life insurance quote in 30 seconds. Alternatively, call us on 0860 64 54 33 .
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Terms and conditions apply. Eligibility, cover and benefits are determined on individual risk profile. MiWayLife is an authorised FSP (No. 45741) and its product offering is underwritten by Sanlam Life Insurance Limited, a registered long-term insurer. MiWayLife is a division of Sanlam Life Insurance Limited - Reg No. 1998/021121/06