Benefits of Getting Australian Funeral Insurance Plan
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Posted On :
Nov-02-2011
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Article Word Count :
624
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Funeral insurance plans and everything that is connected with the subject of death have always been an unmentionable topic. However, given that everything costs more than before as even the costs of a traditional funeral, from service to internment, are rising steadily, one could not help but think of the benefit of purchasing a funeral insurance plan.
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Funeral insurance plans and everything that is connected with the subject of death have always been an unmentionable topic. However, given that everything costs more than before as even the costs of a traditional funeral, from service to internment, are rising steadily, one could not help but think of the benefit of purchasing this insurance plan.
To better understand and appreciate the benefits of getting a funeral insurance Australia, let us first know what it is all about and what are its covers.
What is Funeral Insurance?
Also known as Funeral Insurance Cover, it is an insurance policy that is specifically designed to provide and cover for all the expenses associated with ensuring that all the burial and internment and other associated items are paid for, without burdening your family members. It is a contractual arrangement between yourself and the Insurance Company that your loved ones will be given an agreed amount to pay for your funeral. And in most cases, it does not require additional funds.
A nominated funeral director, to whom the cover insurance is paid, will plan, organize, and execute your wishes.
So now that you know what this insurance plan really is, let us now discuss its benefits.
What are the Benefits of Funeral Insurance?
Taking this insurance plan in Australia entails a lot of benefits such as;
Peace of mind. This is not only for you but also for your family as you and your family will now be assured that in case something untoward like death ever happens to you, your family will be unburdened financially and emotionally knowing that your funeral expenses are already paid for.
Regular affordable payments. When you take out this plan, you will have the option of paying in regular small payments that could cost you less than $1/day. Payment could be spread over a period of one, two, three, four, five and even 10 years.
Death benefit growth. Taking out this insurance with death benefit growth is a great way to protect your family against the rising cost of your funeral. Having a cover with its death benefit growth would ensure that future cost increases will be covered by the proceeds of the policy.
Does not require any medicals or forms to fill out. You are not required to submit to a medical checkup or fill up any forms as your death is already expected and that is what you and they are preparing for.
Funeral insurance premium will not be wasted. Unlike car insurance premium, where the premium you are paying each month might go to scrap if your vehicle is not involved in any accidents, a premium for this insurance is guaranteed to be used as death is inevitable so that the fee that you have paid each month would be used to pay for your burial and internment.
These are just some of the its benefits. So if you are interested to get this insurance plan, let us find out if you are eligible.
Who are Eligible for Funeral Insurance?
Anyone is eligible to avail of this insurance plan. There isn’t a requirement to qualify for them.
How to Claim Funeral Insurance Cover?
To claim, your family can contact the insurance company and present the following:
1. Death Certificate of the person insured
2. Proof of relationship to Deceased
3. Identity of Deceased (passport or birth certificate)
4. Original Funeral Insurance Policy documentation
Now that you have learned all the pertinent facts about funeral insurance and its benefits, you now can decide if taking out this insurance is also beneficial to you.
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Article Source :
http://www.articleseen.com/Article_Benefits of Getting Australian Funeral Insurance Plan_98819.aspx
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Author Resource :
Insure4U has all your insurance information from life insurance to funeral insurance plans. Let us guide you through the process of finding the right insurance for you and your loved ones.
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Keywords :
funeral insurance plan, funeral insurance, funeral insurance australia, funeral insurance plans, funeral insurance cover,
Category :
Finance
:
Insurance
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