Business & Finance Business Insurance

Memorial Benefit

A funeral is a testament to the deceased; a way to pay tribute to the life of a loved one. As a supplement to insurance for funeral expenses, a memorial benefit will pay a cash amount to cover the cost of a memorial service, including the expense of unveiling a tombstone.

A memorial benefit will generally pay out up to a year after the death of the insured, permitting a memorial benefit at a fitting time. This flexibility also helps to arrange a memorial at a time that is most suitable to visitors from abroad.

A memorial service with a suitable tombstone is a way to leave a lasting tribute to the deceased. However, even a relatively modest memorial can be expensive. A simple, dignified tombstone made from quality materials can require a substantial outlay. A memorial benefit will guarantee that this expense can be met without difficulty.

Transportation expenses also need to be taken into account. Close friends and family will not want to miss this important ceremony, but may be deterred by the expense if funds are not made available to pay for travel or accommodation costs.

Get the right insurance with the best benefits

When choosing a funeral insurance policy, be sure to look out for a certain key features. The insurer underwriting your policy must be a reputable company, with a proven track record. Because a key value of funeral insurance is that it makes cash available quickly, be sure to find an insurance company that makes efficient policy payments without hassle or excessive red tape.

In order to get the right level of insurance sufficient cover to meet expenses and take care of your family balanced with affordable monthly premiums it can be advantageous to deal with a specialised insurance broker.

This is particularly so in the case of optional funeral plan benefits. If it is not immediately obvious which benefits will be most appropriate to you and your familys circumstances, it advisable to consult an experienced professional.

The appropriate unveiling benefit will provide sufficient cash to pay for a tombstone and for the associated expenses. Your broker can look at your circumstances and help you to choose a level of cover that will meet your requirements.

The memorial benefit option is yet another way to preserve the legacy you bequeath to your loved ones. By providing for the costs of a memorial now, while you are in a position to do so, your family will not have to spend a large sum of money in the future, possibly at a time when it does not suit them to do so.
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