Themes like death and funerals aren’t the most interesting topics to
discuss. But death is inevitable and which is why we all must prepare ourselves
for it. We have heard people talking ferociously about the afterlife when they
know there time is near, but only a few discusses the expenses that the family
will have to bear on the funeral and burial. Those rare souls understand that it
will be unjust to leave their family members in the clutches of additional debt
and thus opt for funeral insurance plans and policies.
But in order to overall the actual goal of the policy “to relieve
your family of any financial burdens at the time of grief”, one needs to choose
the right funeral insurance policy. What will the right insurance policy do? Save your family
from having to keep in check with the funeral service provider for fraud and
corruption.
Did you know a funeral in
Australia can cost anywhere from $4000 to $15,000?
Whether you choose to have an extravagant funeral or a simple one,
we are going to list down the 5 things you need to consider before choosing
funeral insurance.
Do you have enough expenses?
When one thinks about expenses occurred during the last stages
of life,, funeral costs are the first thing that pops up in the head. But they
aren’t the only costs to worry about. Expenses such as that of medical bills,
credit card bills, legal cots etc are a few of the many. Once you have set a
budget for these, only then should you choose to proceed with the funeral
insurance costs.
Will your family have immediate access to funds after your
death?
Another secondary concern to ponder upon is whether you have enough additional
expenses to handle the funeral in case the funds aren’t available on immediate
basis. There are number of legalities where your money can be tied in, leaving
your family empty-handed.
Can you afford what you are wishing for?
No matter how savvy a consumer you had been in your days, sadly, you
won’t be able to reap any discounted deals when purchasing funeral insurance. The
rates ad policies are set by the state and thus insurance companies can’t offer
discounts on them. The prices and rate may vary from state to state but are
mostly rigid. To set themselves apart from their completion, many companies
however, pride improving excellent and hassle-free service as a cutting edge. If
you know what kind of a funeral you want, know how much is it going to cost you
and will you be able to make the cut? Next, research the company thoroughly
before picking one as you won’t be there to order them around when they are on the
job.
Where to buy from?
Lastly, one needs to decide whether they are going to buy a funeral
policy directly from a funeral service provider or through insurance agents? There
are many insurance companies in Australia that offer funeral policies as well. The
reasons we stress on choosing an insurance company or agency for the funeral
policy is because they are more trustworthy than insurance agents. One can
easily contact the insurance company in case of any need, assistance or query.
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Lifestyle