Benefits of Funeral Cover in NZ
Taking out a policy to cover funeral expenses is a good idea, one obvious question being: what will the policy for my funeral cover? New Zealand funeral insurance policies are similar in many ways to those available in other countries, with a diverse and competitive industry that lends itself to customers finding the cover they need and peace of mind they want.
Peace Of Mind – Peace of mind is important to all of us. One of the intangibles of having insurance is the peace of mind it can bring. Some types of insurance, car insurance for example, are required, or at least advisable for someone wanting to avoid being uninsured in an accident. Funeral insurance is of course voluntary. Many people tend to put off the decision to purchase a funeral insurance policy, partly because it’s not mandatory and partly because we all feel at times that we are immortal, or at least that our passing might be a long way off. To some of us, taking out a funeral insurance policy is an admission that we aren’t immortal after all, but it’s really just a sensible recognition of the fact that none of us know when our time is up.
Lifting A Burden – We really don’t purchase a funeral insurance policy to avoid paying funeral expenses, since we aren’t in a position to pay after we’re gone anyway. We may purchase these policies if it is our wish to have a decent funeral and burial, but more importantly, we take out a policy to avoid placing a burden on a surviving spouse, or on members of our immediate family who may not have funds readily available.
The death of a loved one is an extremely difficult time for the members of family and friends; adding the burden of funeral expenses to grief makes things that much more difficult. In addition, some families, out of grief and wishing to do something special for the dearly departed, will spend more for funeral arrangements and burial than necessary.
Is The Money There? – A common mistake is to assume that there is sufficient money in the estate to cover funeral expenses, so there is no need to take out an insurance policy. There is some truth to this argument, but often, money that is part of the estate can be tied up for weeks or even months. Having funeral insurance means surviving family members have the funds readily available for the funeral when it’s required.
When is the proper time to take out a funeral insurance policy? There’s really no better time than the present. It may help to get a few quotes and find out for yourself what the benefits are. You can find out what payment plans are available that will fit in with your financial situation. We would be delighted to show you the benefits and options we provide. Why not start by clicking on the “Get a Quote” button for your free quote? There’s no obligation. It’s simple to get started and gain the peace of mind your funeral insurance gives you.