Death is inevitable. It’s also something most people do not want to think about. Unfortunately, it brings some very real financial stresses with it, especially if you are unprepared.
Luckily, there are funeral policies that can be put in place that ease the financial impact for you and your family. These policies ensure that funeral expenses are taken care of, so your family can grieve and heal without added financial despair. Do not let death take you by surprise.
If you have left it late, do not worry. Compare ‘n review offers an excellent platform where you can quickly and easily compare funeral cover quotes in South Africa to secure peace of mind for your loved ones. In this post, we outline funeral cover for over 70.
Why is a Funeral Plan Important?
There are a number of reasons why funeral insurance is important. Take a look at some of them below:
- Reduce financial stress
- Closure for the family
- Assists with funeral expenses
- Offers additional support like grief counselling
Get 1Life Funeral Cover
With payouts reaching up to R50,000, 1Life Funeral Cover offers robust financial security when it matters most. Experience a hassle-free claim process, approving qualifying claims in under 5 minutes while enjoying the stability of fixed premiums for the first 12 months. Cover your extended family, up to 16 members, with additional perks like a R5,000 headstone memorial, a R6,000 grocery benefit, and a reliable repatriation service. Plus, there are no waiting periods for accidental death and only a brief 6-month wait for natural death coverage.
** To qualify, you must be employed, earning a minimum of R5000, and between the ages of 25 and 55.
Best Funeral Plans in South Africa
It can be overwhelming to search for funeral cover. You want to ensure you select the funeral policy that gives you the cover you need, whether it’s just burial or cremation or a full funeral.
Unfortunately, the older an individual gets, the more difficult it can be to secure funeral cover. However, a number of insurance companies provide affordable funeral cover for seniors over 70.
Please note that terms and conditions apply to all the below funeral policies. The benefits may be subject to change.
AVBOB Funeral Cover
Established in 1918, AVBOB offers a comprehensive and reputable funeral and cremation service. Their employees are trained in assisting bereaved families with all the funeral arrangements.
This business has developed a funeral cover that caters for individuals 64 and up. Their group funeral insurance policy for pensioners even provides funeral cover for over 85 – subject to paying a single once-off premium.
Benefits of this policy include:
- No waiting period – the individual is instantly covered when paying a single once-off premium
- Free transport for the deceased within South Africa
Capitec Funeral Cover
Capitec’s funeral scheme is personalised. The policyholder decides on how much cover is needed and the insurance provider calculates the premiums accordingly.
The Capitec funeral plan covers:
- One spouse
- Up to four parents
- Eight children
- Eight extended family members
This makes it an ideal policy for the individual searching for funeral cover for parents.
Other benefits include:
- A simplified claims process
- Burial repatriation
- No automatic annual premium increases
uApply has created an affordable funeral cover, aimed at taking good care of your loved ones.
In the event of a death in your home, your family need not worry about funeral costs. uApply funeral cover assists with the stressful expenses and offers the following benefits:
- Affordable monthly premiums
- Payout within 24 hours
- Cover for a maximum of 16 family members
- Burial repatriation
Old Mutual Funeral Cover
Old Mutual offers the Easiplus Funeral Plan, which allows policyholders to insure their entire family, from spouses and children to in-laws and relatives. This cover is flexible and suitable for any family or budget size.
This funeral insurance scheme gets you immediate cover for accidental death from when your application is accepted.
Old Mutual funeral plan benefits include:
- Premium Holiday Benefit
- No medical tests
- Fast payout (48 hours)
If you still feel unsure about which plan is the right one for you, then YouInsure can help you find the right policy for your budget and family.
YouInsure will send you a funeral insurance quote by taking your monthly income into account.
Closing Comments on Funeral Cover for Seniors Over 70
There are a number of funeral policies in South Africa available for seniors over 70.
For those looking to take care of their parents or grandparents, there is the option of adding them as dependents onto their personal funeral cover. Otherwise, any of the options outlined above would be beneficial for seniors 70+.
The best bet when looking at funeral cover for over 70 is to look at your family’s needs. Identify the number of people you want to include on your cover, what type of funerals you would want, and the possible expenses.
From this personal assessment, you can then decide on the best funeral cover for you and your loved ones. Facing a death in the family is indescribable, but it doesn’t need to be a financial difficulty.
Do the research and take out funeral cover now so you can avoid a financially stressful situation in the future.