Already have life insurance? That’s a smart financial move to safeguard your family’s future. However, does your life insurance policy include cover for funeral costs outstanding final expenses or even income support for your loved ones until they receive your life cover payout? If not, consider complementing your life cover with MiFuneral.
Why would I need funeral cover?
Funeral cover is a type of insurance policy that pays out a set amount to a nominated beneficiary after the passing of the insured person. In South Africa, the cost of a dignified farewell can place a significant financial burden on your family if not planned for.
This policy provides financial support but also includes assistance with funeral arrangements This involves connecting you with funeral parlours that offer discounts and guidance on how to navigate tricky things like understanding legal documents and applying for a death certificate. Addtionally, each MiFuneral Policy includes a repatriation service that will provide air or road transportation of your loved one’s remains or ashes – all these services are at no extra cost.
It’s also important to remember that when we pass away, our bank accounts are immediately frozen. Even if you did have money saved up in your account, your loved ones might not access it until your estate is wound up, a process that could take years.
How does MiFuneral protect your loved ones even after the funeral?
MiFuneral allows you to enhance your loved one’s protection by opting for additional cover to help you meet other end-of-life expenses
MiFuneral introduces an innovative Final Expenses Cover to protect your family against any outstanding debt, uncovered medical expenses and other immediate expenses when they may not have access to funds.
Furthermore, MiFuneral prides itself for its rapid payout, so you can expect to be paid out within 48 hours of a successful submission.
MiFuneral also introduces Income Support Cover, providing monthly income to your family for a year after your passing, ensuring continued financial support for everyday expenses.
What makes MiFuneral different to all the rest?
MiFuneral is a digital-only product, so you can buy it online with just a few clicks. This makes premiums much more affordable as you don’t have to pay for a broker or administration fees. You can meet your needs exactly by choosing the right cover amount for yourself, your immediate family, and extended family members.
MiFuneral is flexible – you get to decide which benefits you need
Everyone’s situation is unique, so why pay for benefits you won’t use? Keep it simple and only pay for what you need. Take advantage of the flexibility MiFuneral offers, along with the complementary services included in each policy, to ensure your policy remains affordable.
The bottom line
If you already have a MiWayLife life insurance policy, you’ll know that your 4-in-1 policy includes some funeral benefits, but there are lots of reasons why you’d want to enhance your funeral cover with MiFuneral. It’s a great way to increase your funeral cover and ensure complete financial protection each and every day after your passing.
No funeral cover at all? Let’s change that today with a quick online quote from MiFuneral, a new way to gain real peace of mind.
Did You Know:
You can now take out our affordable funeral cover 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.