Losing a loved one is one of the most difficult experiences anyone can go through. During this time of grief, the last thing you want to worry about is how to pay for the funeral expenses. Unfortunately, without proper funeral cover in place, the financial burden can be overwhelming and add to the emotional stress.

Funeral costs are rising in South Africa

We’re all worried about the rising cost of living but for good reason. The price of just about everything, from your favourite coffee brand to a shiny new set of wheels, is going up. Thing is, so is the cost of giving your loved one a dignified final farewell. In South Africa, cremation alone ranges between R7 000 and R15 000 and the total cost of a funeral could range from R10 000 to as much as R150 000.

Many people don’t think beyond the price of a casket or headstone and underestimate how many different bills might need to be paid. These include that of the funeral home, the venue, catering and, in some cases, the cost of repatriation should their loved one pass away far from home. 

The financial strain of funerals on families

When a family member passes away, the last thing they want to worry about is how to pay for their funeral. However, without funeral cover, the financial burden can be significant. Families may need to dip into their savings, take out loans with high interest rates or even sell their belongings to cover the costs. This can cause arguments about who should foot the bill and cause deep rifts during an already emotionally distressing time.

This is why having funeral cover should be an essential part of any financial plan. It provides a lump sum payment to help cover the costs of a funeral, allowing families to focus on grieving and celebrating the life of their loved one – not worrying about how or who should pay for it.

Not all funeral cover is created equally

Funeral cover is easy to find, but not all funeral cover is created equally. Ideally, you want a policy that gives you adequate coverage for an affordable premium as well as great value added benefits. This is where MiFuneral Policy stands apart from the rest as a digital-only funeral policy that’s affordable, flexible and has great benefits.

You can choose to cover yourself, your immediate family, or even extended family members and, as you get to choose your cover amount, you can enjoy an affordable premium.

MiFuneral Policy is big on benefits

Why pay for benefits you might not need? With MiFuneral Policy, you get to choose additional benefits that include extra cover to help you meet other end-of-life expenses. You even get to decide how you’d like it to be paid – as a lump sum or as a short-term monthly income. While this will be up to you, ALL MiFuneral policyholders will have access to our complimentary Funeral Arrangement Service offering telephonic support to help you understand the application process for all the paperwork, be it a death certificate or other legal documents. Every policy also includes a Repatriation Service benefit that provides assistance with air or road transportation of your loved one’s remains as well as ashes after cremation.

The bottom line

Not having funeral cover can have a seriously negative effect on your family’s finances so having a policy in place is a must. However, if you choose MiFuneral Policy, you’ll get the coverage you need at an affordable price plus value added extra benefits so can enjoy real peace of mind. Why not get a quick online quote today?

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.