Death occurs when nobody anticipates for it. This is because of the huge amounts of money that will be spent to plan and prepare for the funeral arrangements of the diseased. The following are the benefits of having an insurance cover.
If you suffering from any chronic disease, you will not be able to get covered by most insurance policies. When you die, you will have no other option. This, however, will ensure that anyone will get their benefits once they die. This is because, you will not stress your loved ones when they want to bury you when you are dead. On the other hand, if you have retired, or about to retire, you can take this particular insurance cover to help your family to bury you. In so doing, your family members will not be required to spend their little money on your funeral services. Even if you already have a life insurance policy, you can still have a burial cover. If this happens, your family members will receive full amounts from the claims made on your life insurance, and they can put the money into other uses away from your burial.
Burial insurance covers are very simple to acquire because there are less procedures involved both in the application and approval of the requests. What you will be asked to provide is your personal details, as well as the details of whoever will make a claim when you are dead. You can then immediately begin making payments for your insurance premiums. Once you die, your family will not go through hard times trying to make insurance claims. Once a claim is made after you are dead, the insurer will ascertain that you are dead and then immediately release the money. This is because funerals take a very short time and the insurer knows the purpose of that insurance cover. Therefore, you can be sure to receive a befitting send-off once you die.
Anybody can apply for this particular insurance cover because they don’t require the beneficiaries to undergo any medical tests. This is important because, it doesn’t discriminate anyone from benefiting from the insurance cover. The insurance cover is also able to accumulate some cash value and the longer you will stay alive, the more the benefits that will come as a result of the compensation. Also, you can make payments for your funeral even before you die. You can do the planning and arrangement of your own funeral while you are alive. In case you die, nobody will spend a single cent in your funeral, as they will only be required to attend the funeral.