The Importance of having a Funeral Insurance Plan

Funeral Insurance can be so important. Often the first time we realize just how much a funeral can be is after the death of a loved one. We are grieving and understandably very upset, the last thing we need to be told that the funeral will be in excess of a few thousand dollars.

A recent survey in Australia in 2008 found that a basic Funeral can be $8,000.

$8000 is a lot of money, often we don't have that sort of money in the bank, so where do I get that sort of money from… We start to stress at a time we don't need anymore. We find ourselves having to borrow from friends, making cutbacks at the funeral service and because of this problem, we are unable to start grieving until such time is everything is sorted out.

My kids will pay for my funeral... We hear this a lot, and this is great if they can afford to, but often as we get older, our children start having children, they buy a new car and take out a mortgage and these repayments along with having kids can prevent our children from being able to save such large sums of money. Even if they did have a few thousand dollars in the bank, they were probably saving that to pay for their children's education or a family holiday, is it fair to leave the expense of your funeral to them?

What's the answer? A Funeral Insurance Plan could be the answer. This type of insurance plan will guarantee you acceptance, meaning regardless of whether you have perfect health or not, you will get cover, generally up to $15,000. You make regular payments and on your death a quick, fast payout will be made to your family, generally within 48 hours, enabling your family and loved ones to be able to get on with planning your funeral and start the grieving process.

For more information about a Funeral Insurance Plan, use the enquiry form and contact us.