It can be difficult to even think about the cost of a funeral when you are grieving the loss of a loved one. However, it is important to be informed about the expenses associated with a final farewell to avoid adding financial stress to an already emotional time.
Know The Costs
The cost of a funeral will always depend on various factors, including the type of funeral, the coffin or urn, religious ceremonies and the services of an undertaker. If you wish to bury a loved one, the cost of a grave site will depend on the municipality, ranging from R1000 to R6000 or more. The cost of cremation ranges from R7000 to R15 000. There are also other expenses to consider that can quickly add up. These could include a burial plot, funeral parlour costs, headstone, flowers and catering for all those who’d like to pay their respects.
In short, there are lots of factors that will influence a funeral’s costs, but it could range from R10 000 to as much as R150 000.
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Funeral Cover Means Peace Of Mind
When you consider the cost of a funeral and the fact that you wouldn’t want to be worried about the financial implications during such a difficult time, taking out funeral cover just makes sense. It can help to ease the financial burden, prevent you from having to dip into your savings and provide peace of mind, knowing that the costs are covered so you can focus on grieving and honouring your loved one.
Assistance When You Need It
We know that having to wait for a payout is an unnecessary additional stressor. This is why, when you take out a life insurance policy with MiWayLife insurance, it includes an accelerated funeral benefit. This way, upon receipt of the required claim information, you’ll receive a payment within 48 hours to assist with any funeral related expenses. You also have the option of how much cover you’d like, ranging from R10 000 to R50 000.
Ultimately, nobody likes to think about the cost of a funeral, but at least with funeral cover, you can have peace of mind that the financial burden of putting them to rest with dignity is taken care of.
