Funerals can be expensive. Very often one only finds out about all the costs involved when we are confronted by a funeral. We suggest going through the exercise of chatting to your nearest funeral parlour about what it typically entails and potential costs. This will give you a good indication of the kind of funeral you would want to have and be in a better position to gauge the amount of cover needed.

The post How do I know if my funeral insurance policy will cover all of my funeral expenses? appeared first on Zazu Life.

Go to the South African Reserve Bank Prudential Authority Insurers List to make sure that the insurer is registered (we’ve teamed up with a very reputable insurer In Guardrisk Life)

You can also see how all the insurers fare in the annual Ombudsman report – some are clearly better than others.

The post How can I be sure my funeral insurance provider is reputable? appeared first on Zazu Life.

There are a couple of things to look out for in a potential provider and when considering cover options. Here are our top picks for you:

• Establish that the policy is unwritten by a registered insurer, for example, we are underwritten by Guardrisk;
• Have a look at the price of the cover, and make sure it is clearly linked to the specific benefit amount;
• Don’t get caught up by marketing tricks;
• Know the waiting periods (we offer immediate cover for accidental, 4 month waiting period on natural death for immediate family members, and 6 months for extended family members). Read more about our waiting periods.

The post How do I compare different funeral insurance options and providers? appeared first on Zazu Life.

One of the biggest considerations is how much cover is enough. Funerals are expensive, and immediate cash makes a big difference after the death of a loved one and those left behind.

One also needs to consider whether a cash payout, funeral assistance benefits (like car hire, groceries, pre-paid electricity, and others), or a combination of both would be the best cover.

Our funeral plans range from R5 000 – R100 000 cover, while our Value Funeral Plans offer a range of funeral assistance benefits with an Umgodi cash pay-out, which means we have something for your specific needs.

We all have different needs. Funerals are expensive and immediate cash makes a difference after death, removing the stress and financial burden on loved ones. Consider your unique situation and family (both immediate & extended), how the loss of a loved one would impact them and what your/their funeral cover requirements are. There are many costs associated with a funeral, planning for such an event can make a significant difference when the unplanned happens. Our plans start from as little as R45pm and our cover ranges from R5 000 up to R100 000 cover, which means we have something for everybody.

How do I know if my funeral insurance policy will cover all of my funeral expenses?

Get as much information as possible to avoid any surprises when the time comes. We suggest going to your nearest funeral parlour and finding out what the cost of a funeral entails, including any hidden or extra costs (like legal and administrative costs) that are not so obvious until one is confronted with having to arrange a funeral. This should give you a good idea of the cover that is needed.

What happens if the funeral expenses exceed the coverage amount on my policy?

Any shortfalls will need to be paid for out of your, or your family’s pocket. It is very important to get the right cover and not leave anything to chance to avoid costly debt. Anything left after the funeral however can be used for other purposes like education, clothing, food or other living expenses for those loved ones that are left behind. Nothing says it MUST be used for the funeral and making provision for a little extra really does go a long way in providing for loved ones even when we are no longer there to do so.

The post How do I know which funeral cover is right for me? appeared first on Zazu Life.

Comparing different funeral insurance options and providers

There are a couple of things to look out for in a potential provider and when considering cover options. Here are our top picks for you:

• Establish that the policy is unwritten by a registered insurer, for example, we are underwritten by Guardrisk,
• Have a look at the price of the cover, make sure it is clearly linked to a specific benefit amount,
• Know the waiting periods (we offer immediate cover for accidental, 4 month waiting period on natural death for immediate family members, and 6 months for extended family members). Read more about our waiting periods.
• Lastly, and most importantly – don’t get caught up by marketing tricks.

How can I be sure my funeral insurance provider is reputable?

Go to the South African Reserve Bank Prudential Authority Insurers List to make sure that the insurer is registered (we’ve teamed up with a very reputable insurer In Guardrisk Life)

You can also see how all the insurers fare in the annual Ombudsman report – some are clearly better than others.

The post How do I choose a funeral cover provider? appeared first on Zazu Life.