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How Funeral Cover Can Help Families Facing Medical Expenses
How Funeral Cover Can Help Families Facing Medical Expenses
07 Oct 2024

MiFuneral’s Final Expenses Cover benefit can ensure your family aren’t burdened by costly end-of-life medical bills.

Saying goodbye to a loved one is never easy. In those difficult moments, the last thing you want to worry about is the financial strain of funeral arrangements and other end-of-life expenses, especially costly medical bills. Fortunately, MiFuneral Policy is designed to provide much-needed support and peace of mind when you need it the most.

 

End-of-life medical expenses can add up

 

We all know that funerals, memorial services, and related costs can quickly add up, placing a burden on grieving families. But what about medical expenses? Sometimes, end-of-life care involves having to pay for multiple doctors’ visits, medication, expensive medical equipment and hospice care. In a perfect world, we’d all have a medical aid that would cover these expenses, but many South Africans have to pay these bills out of pocket. Fortunately, MiFuneral Policy offers a solution, ensuring your loved ones have the financial means to afford end-of-life expenses without having to dip into their savings.

 

What is MiFuneral’s Final Expenses Cover benefit?

As MiFuneral Policy is a digital-first solution, it eliminates broker and administration fees so you can enjoy an affordable premium. You also get to customise your coverage to include yourself, immediate family members, and even extended family. MiFuneral Policy also offers optional benefits including Final Expenses Cover.

This benefit is available to you or your spouse and will pay out R50,000 in additional cover separate from your Funeral Cover benefit. This benefit can go a long way towards protecting your family against any end-of-life expenses, including those costly medical expenses or support them in whichever way they’d need.

Another optional MiFuneral Policy benefit that can help safeguard your family’s financial future is Income Support Cover. It provides a monthly payout to support your nominated beneficiaries for 12 months after an approved claim to ensure your loved ones continue to thrive even in the event of your passing.

 

All MiFuneral Policy also feature included benefits

While MiFuneral’s optional benefits let you tailor your coverage to suit your needs and budget, all policies feature included value-added benefits. These include telephonic assistance with funeral arrangements and related paperwork as well as the repatriation of remains, providing practical support during a difficult time.

At MiWayLife, we also understand the importance of paying out fast. Our claims process is designed to be quick and efficient, with payouts typically processed within 48 hours. This ensures your family receives timely financial assistance and won’t feel overwhelmed should any unexpected end-of-life bills emerge after your passing.

The bottom line

The best type of funeral cover won’t just help your loved ones give you a dignified farewell. With the right benefits, such as MiFuneral’s Final Expenses Cover, you can protect your family from the financial burden of unexpected end-of-life expenses, including medical bills. This way, you can focus on cherishing your time together. Get a quick quote from MiFuneral today to enjoy a lifetime with full peace of mind.

Did You Know:

You can now take out affordable funeral cover with us online in a few simple steps. No calls and no agents! Discover the digital way to enjoy full peace of mind by buying a MiFuneral Policy cover online.

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