A young man helps his parents apply for a funeral policy. Funeral cover for parents can be an add-on benefit of your own funeral policy. Ask your insurer about the basics of your funeral policy today.

Understanding Your Funeral Cover Policy

How well do you know funeral cover? Most people don’t think much about it until a parent takes ill or a child or spouse suffers a terrifyingly close shave. Funeral insurance provides a cash pay-out in the event of the death of the insured, so that the family has a financial resource to draw upon when arranging the funeral. But there is more to a funeral policy than the pay-out. This article unpacks the basics of a funeral cover policy, so you can make the right choice for your family.

Funeral Cover Or Life Cover

A lot of folks don’t understand that there is a simple difference between funeral cover and life insurance. To cut a long story short, funeral insurance lives up to its name in that it is a cash pay-out that intended only the cost of a funeral. Meanwhile, the cash pay-out from a life cover policy can be used to pay off debts that outlived the insured. If there are no outstanding debts for the beneficiary to take care of, this money can give their household a much-needed financial boost, especially in the event of the main breadwinner passing away.

It generally considered best to have both a life cover policy and a funeral policy.

Funeral Cover Benefits

Different providers include different benefits in their funeral policies, the only constant being the pay-out to cover the costs of a funeral. Depending on your insurance provider, your policy could include the following benefits:

  • The number of lives covered: A single plan will only pay out in the event of your death. However, many insurers also offer family plans, which also cover the spouse and a certain number of children. Some funeral policies even offer the added benefit of covering selected members of your extended family. Other insurers offer specific funeral cover for pensioners or parents over 70.
  • Waiting period for natural death: Almost all funeral insurance companies will insist on a waiting period of at least six months from the policy’s acceptance date.
  • Waiting period for accidental death: Many insurers offer to waive the condition of awaiting period in the cases of accidental deaths. We may make plans in case of accidents, but accidents are, after all, merely the result of things not going according to plan.
  • Premium waiver: A funeral policy may also give you the option to keep your family insured for a certain period after your death. Another premium waiver option offered, allows you to maintain your funeral cover in case you are retrenched.
  • Memorial benefit: Again, this is specific only to certain funeral insurance providers. This is a separate cash benefit that is paid out five or 11 months after the death of the insured.


Sometimes a funeral policy goes above and beyond, offering more benefits to protect the financial wellbeing of your family. If you want to find out what funeral cover policy is the best for you and your family’s future, apply for a quote today.