A final act of love: Securing a funeral cover for your family

The question, stark and unflinching,lingers in the air: If the curtain were to fall on your life’s stage tomorrow, would your loved ones be left standing in the spotlight, financially secure and able to carry on with grace?

Would they be able to maintain their accustomed lifestyle, free from the gnawing anxiety of unpaid bills, a looming mortgage, or an empty dinner table?

And, perhaps most immediately, would they be able to afford a dignified farewell, a burial or memorial service that honors your memory?

 If a tremor of doubt shook your confidence as you considered these questions, take heart.

There’s still time to orchestrate a different ending.

Can your family truly weather the storm without you?

It’s a sobering thought, but one that demands our attention.

We inhabit a world brimming with uncertainties, where illness and death arrive unannounced, casting long shadows of financial hardship that can devastate even the most resilient families.

Unplanned funerals, in particular, can be financially crippling, leaving bereaved families scrambling for resources at a time when they should be focused on grieving and healing.

Therefore, we shall begin our exploration of individual life products by confronting this often-avoided topic head-on.

Funeral cover: confronting the inevitable with grace

As certain as the sun’s daily pilgrimage across the sky, death and funerals remain an inescapable part of the human experience.

All too often, we hear heart-wrenching tales of unplanned funerals, where families are caught completely off guard, forced to make difficult choices in the midst of profound grief.

“It was such a sorrowful burial,” lamented a woman recently, her voice heavy with empathy.

“The deceased’s son was unable to even witness his own mother’s funeral. It was all done so hastily, without proper arrangements, because he was stranded in the rural areas when his mother passed away in town.”

Imagine, for a moment, a preacher uttering the words, “If only finances permitted, we would have waited a while longer,” a stark testament to the limitations imposed by financial constraints.

A Matter of honor: Paying our last respects

While contemplating one’s own mortality, or that of a loved one, may be an uncomfortable exercise, it is a necessary step in ensuring that appropriate arrangements can be made. It begins with respect, with the understanding that paying our last respects is a profound act of honor, a final expression of love and gratitude.

Having funeral cover in place provides a sense of tranquility, allowing one to embrace life to the fullest, secure in the knowledge that both you and your family are protected from the financial burden associated with bereavement. A funeral policy’s proceeds are disbursed promptly, providing immediate financial relief during a time of immense emotional distress.

Most funeral policies offer a cash payout, designed to cover the myriad expenses associated with a funeral. A range of coverage amounts is typically available, spanning from approximately $500 to $10,000, allowing individuals to select a level of protection that aligns with their needs and budget.

Other funeral policies offer a comprehensive suite of burial services, including transportation and the provision of groceries. Funeral plans also grant the flexibility to add other family dependents, such as parents and in-laws, ensuring that extended family members are also protected.

Options starting from just $1: Accessibility for all

A diverse array of benefit and payment options ensures that funeral cover is accessible to individuals from all walks of life.

Term funeral policies provide coverage for a specified period, paying out benefits only if death occurs before the end of the selected term, which typically ranges from one to 25 years.

Whole life funeral policies, on the other hand, offer lifelong protection, paying out benefits regardless of when death occurs.

Premiums, the cost of cover, can be paid for the duration of one’s life or for a specific period outlined in the contract. Remarkably, premiums for funeral cover can start from as little as $1, making it an affordable option for even the most budget-conscious individuals.

The premium paying term and the term of cover do not necessarily have to coincide. Some policies, for instance, may require premium payments for only ten years, while providing coverage for the remainder of one’s life.

Funeral cover is designed to be easily accessible, requiring no medical examinations. Accidental death is typically covered immediately upon signing up, while death resulting from natural causes is subject to a waiting period, typically ranging from three to six months, before the cover becomes effective.

This waiting period varies depending on the specific product.

Funeral cover is not merely a financial transaction; it is an act of love, a gesture of respect, and a testament to the enduring bonds of family. It is a way of ensuring that, even in death, you can provide comfort and security to those you hold dear.

We invite you to engage with us. Your views, contributions and insights are vital to our efforts to rebuild and restore confidence in the insurance industry. Together, we can set the stage for a brighter future for the sector and by extension, for the economy of Zimbabwe.

 Contact Us At:

Physical Address: 7 Lloyd Close, Ballantyne Park, Harare

Website: www.loa.co.zw
Email: info@loa.co.zw
Landlines: (+263) 242 884 628, 884 646