The loss of a breadwinner can be one of the most challenging and devastating experiences for a family to endure. Not only is there the emotional pain that comes with losing a loved one, but there is also the added stress of figuring out how to navigate the financial challenges that lie ahead.
Funeral expenses can create financial stress
Anyone who has ever organised a funeral can tell you that it usually costs more than you would expect, more so if the deceased had not taken any funeral cover or debt protection. Since many families don’t have enough emergency savings to cover the cost of a funeral, those left behind may find themselves relying on donations from extended family and the community for a basic funeral. This could result in feelings of shame and embarrassment.
Planning for the future
As a Civil Servant providing for your family, it’s important to ask yourself: Will my loved ones have the financial resources to cover the expenses of my funeral if something were to happen to me today? If not, the surviving family may feel pressured to take on debt to pay for the funeral, such as taking unexpected loans and borrowing money from loan sharks at an exorbitant interest, creating additional long-term financial stress.
One way to safeguard your family against this type of debt is by having a plan in place to cover such costs. Funeral cover is an essential aspect of planning for the future, yet it is often overlooked. The idea of having to pay for future funeral expenses while balancing other pressing commitments can feel like an added expense for many families. However, monthly payments for funeral cover are usually lighter on your pocket than other kinds of insurance.
Peace of mind
Funeral cover is a type of insurance that pays out a specific amount of money when someone passes away. It covers the costs surrounding funeral arrangements, taking away the stress of payments that weren’t budgeted for. This type of coverage is particularly important for middle to low-income earning families who may struggle to afford these expenses without assistance. It’s also worth noting that funeral cover isn’t just for the elderly – unexpected accidents or illnesses can happen to anyone, and having this coverage in place can help ease the financial burden on grieving loved ones.
Orchard Insurance’s Civil Servant Funeral cover is a great option for those looking to secure their family’s financial future. It is an affordable funeral cover policy that enables you to have peace of mind knowing your family will be financially supported in the event of an untimely loss. With this coverage, your loved ones won’t have to worry about emptying their savings or taking on more debt to cover the costs of a funeral.
The key benefits:
- Premiums start from as little as E7 for Member only cover
- Receive between E5,000 and E50,000 in the event of death
- 100 free airtime benefit
- Grocery benefit of E1 000
Additional benefits:
- Accidental death is paid immediately if premiums are up to date
- Family support paid in instalments of E 2000 for the next 6 months
- Claims paid within 24 hours
- Can consolidate multiple funeral policies with no waiting period
- Pensioner client can continue with the policy after retirement
- Continuation option if Main Member dies for surviving family members
By investing in funeral cover, you can help your loved ones give you a dignified send-off and safeguard your legacy. Protect your loved ones today. ‘’Sekela Lokuligugu Kuwe.”
