A recent global study found that South Africa is the fourth most expensive country in terms of funeral costs*. For those who don’t have funeral cover, money that was meant to further a child’s education or help pay off a bond must suddenly be redirected to pay for a funeral. For most, a funeral puts loved ones into debt.

This is why it's always a good idea to have funeral cover.  MiFuneral, a new, digital-first funeral cover makes it easy and affordable. Better yet, it doesn’t just cover the cost of a funeral, it can also help protect your family against other end-of-life costs.

What is the real cost of “final expenses”?

Funeral aside, take a moment to consider how your passing might affect your loved ones. If you had elderly parents who lived in another province, who would pay to transport them to your funeral and back? Would they need overnight accommodation? Would your spouse still have enough in their bank account to pay for electricity, petrol or groceries and any other regular expenses at the end of the month? After covering the cost of the funeral, these  end-of-life costs all add up

Worse still, once you pass away, your bank accounts become frozen until your estate is wound up. Even if you had a Will in place, this process could take months.
So whatever funds you might have left behind, won’t be accesible to cover these costs. 

This places many South African’s in significant debt, even resorting to borrowing against future life cover payouts, often through unscrupulous lenders.

MiFuneral Policy includes an optional Final Expenses Benefit

MiFuneral offers you the flexibility to take additional cover, separate to Funeral Cover.  The Final Expenses Benefit is additional protection against all those aforementioned end-of-life expenses without having to take out an additional policy, pay additional policy fees, or go for underwriting. (Underwriting is the process of evaluating risk. It’s why life insurers will ask you about your health, age and lifestyle.)

MiFuneral Policy also includes optional Income Support Cover
 
Another way MiFuneral Policy can help support your family in the event of your passing is with our optional Income Support Cover. Again, this benefit is separate from the Funeral Cover included in your policy. It provides a monthly amount to support your loved ones for 12 months after an approved claim. This way, they don’t have to panic about how they’re going to pay the rent or any other monthly living expenses.

As MiFuneral prides itself on being flexible, you don’t have to choose between our Final Expenses Benefit or Income Support Cover, you could easily opt for both to ensure your family enjoys maximum financial protection.

Also, all MiFuneral policies offers a Funeral Arrangement Service at no additional charge.  This service provides you with telephonic support when you need it the most. Our case managers are just a phone call away to help you understand the application process for death certificates as well as other legal documents and connect you to trusted funeral service providers.

Our Funeral Arrangements Service also includes a Repatriation Service. This service arranges the repatriation of your deceased loved ones to their place of burial if it is more than 100 kms away.  They can even help arrange overnight accommodation for you if you need to travel to identify and/or travel with your loved ones for burial or cremation.   These services are included at no additional charge.

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.

*reference: https://www.researchandmarkets.com/reports/5533497/funeral-services-and-related-activities-in-south?utm_source=GNE&utm_medium=PressRelease&utm_code=pv7g7r&utm_campaign=1959341+-+South+Africa+Emerges+the+Fourth+Most+Expensive+Country+in+Terms+of+Funeral+Costs%2c+3%25+Above+the+Global+Average&utm_exec=carimspi