Funeral insurance for pensioners

The age at which pensioners are still able to take out a funeral insurance policy is higher than many realise. In some cases, anyone up to the age of 75 can commence a funeral insurance policy.

It is also possible to cover seniors as part of a comprehensive funeral insurance product. Some funeral policies, for example, allow you to extend cover to your parents and parents-in-law.

Funeral insurance for pensioners is frequently a way to ensure that the children of the insured are in a financial position to organise a suitable funeral service.

Funeral insurance is also invaluable for retired couples, who may not be in a position to meet sudden expenses. In such cases, funeral insurance will allow pensioners to protect their partners. An additional protection for seniors, especially retired pensioners who may be financially vulnerable, would be to include funeral benefits such as a grocery plan.

A funeral policy is also a way for seniors to safeguard their children's inheritance. It is natural that the children of the insured will want to pay for a dignified ceremony. The costs of a decent funeral can be significant, and can effectively result in one bequeathing less money than intended.

Similarly, many people will want to take out funeral insurance cover for their parents and parents-in-law so that, in the event that they have to pay for an expensive funeral, their own children and household will not be financially burdened.

Hollard Funeral is a leading provider of funeral insurance in South Africa. Hollard Funeral provides a range of funeral plan benefits and guaranteed acceptance to all South Africans aged 18 to 75.