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Planning ahead is always advantageous, more so with planning your funeral. When one dies, it has always been a common situation that grieving loved ones are the ones who are left behind to be confronted with dozens of decisions about your funeral - all of which must be made quickly and often under great emotional constraint. To help relieve your grieving family members of some of these difficult and mournful decisions, you could plan your funeral in advance - buying funeral insurance plan and designating your funeral preferences. Planning ahead will enable you to make informed and thoughtful decisions about your funeral arrangements. As death is inevitable, advance funeral planning will enable you to choose the specific items you want and need and compare the prices offered by several funeral insurance Australia providers. Most importantly, planning your funeral will spare your loved ones the additional stress of making these distressing decisions under the pressure of time and strong emotions, as well as unburdening them financially in terms of paying for your funeral. Funeral insurance cover can be purchased from an insurance broker or funeral directors. A Funeral Director will be the one to write the burial policy which covers specific services and/or products which you might feel are vital. This could include arranging all choices that a family has made - namely the arrangement of a church or a chapel, crematorium or cemetery, or burial vault or grave liner, minister or celebrant; providing of coffin or casket, flowers, headstone, newspaper notices, liaison with clubs and other organizations; provision of mortuary care by experienced and qualified staff; arranging of funeral service, visitations or viewing, arranging and providing digging and filling the grave. Basically, a funeral director can help you make your funeral more personalized the way you like it. Types of Funeral Insurance Cover Funeral insurance has three main types namely: Life insurance with family member as beneficiary. This policy covers funeral expenses. This is a type of life insurance where the main purpose of using the proceeds is to cover your funeral expenses. A family member is named as your beneficiary and you can discuss your funeral plan with them. Life insurance with funeral director named as beneficiary. There are some funeral homes that may provide a small whole life policy with a contract for funeral services, with the requirement that the beneficiary of the policy chosen as part of their services is the funeral director. In this policy, you pay for part or your entire funeral expenses using a life insurance policy that you have paid for; however, the death benefit goes exclusively to the funeral home, not to your family. Pre-need contract with funeral home. This type of policy often covers the burial plot, grave marker, casket or urn, embalming or cremation, flowers and funeral cars. There are also some policies that do not specify what the death benefit can be used for. In that case, the beneficiary decides on how the money can be used. How much does Funeral Insurance cost? In Funeral insurance, you will pay a regular contribution or premium until age 90, after which time cover continues for free. This premium reflects the cost of the funeral you choose to have and can be paid at different intervals - either monthly, quarterly, twice a year, or annually. There is an age limit that applies for taking out cover and that is between 18 and 79 years - and the older you are, the higher the premium. Premiums can either be fixed or may increase each year, and can vary according to your gender and whether or not you smoke. The benefit amount is either fixed or may increase over time, and you’re usually only covered for accidental death for the first couple of years. Insure4U has all your insurance information from pet insurance reviews to funeral insurance. Let us guide you through the process of finding the right insurance for you and your loved ones.
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