Is there an age limit?

You can take out a funeral cover for children who are under the age of 6 years to adults and extended family members to make sure that they are protected. However, there are age limits. If you are the main policyholder, the age limit is set at 65 years. But if you are covering additional lives such as children, parents, in-laws or extended family members the age limit is set at 70 years old. It will differ from insurer to insurer.

How much cover can you get?

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. Most covers for adults can range between R10,000 to R50,000.

Who can you cover?

You can get access to funeral cover such as MiWayLife’s funeral cover which offers a plan that covers you, your spouse, 8 children, 4 parents/parents-in-law, and 8 extended family members under one premium. This built-in funeral cover option that comes with your life insurance also means that you can ensure that you and your loved ones are taken care of after the day of the funeral.

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 once 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.