Family funeral cover explained
What is family funeral cover?
Family funeral cover is a single policy that covers several family members, usually you, a spouse and children, under one premium. Many South African policies also let you add extended family like parents, parents-in-law and siblings for an extra amount. It is a convenient, cost-effective way to make sure the whole family is covered without taking out a separate policy for each person.
Key takeaways
- A family plan covers several members under one policy and premium.
- It usually covers you, a spouse and children as standard.
- Extended family like parents can often be added for an extra amount.
- One plan is usually cheaper and simpler than separate policies.
- Each member can be covered for a different amount to match their needs.
Who a family plan covers
A family funeral policy is built to cover a household under one arrangement. As standard it typically includes the main member, a spouse or partner, and children up to a certain age. Children are often covered at a lower amount, and some policies include a limited number of children automatically. This makes it a simple way to protect the immediate family in one go.
Adding extended family
A major benefit of South African funeral cover is the ability to extend it. Many policies let you add parents and parents-in-law, siblings and other dependants, usually for an extra premium and subject to age limits. This is valuable in families where several generations rely on one policyholder, and it avoids the cost and admin of separate policies for each relative.
Why a plan can be better value
Covering the family under one plan is usually cheaper and simpler than insuring each person separately, and it means a single premium and one claim process. You can also set different cover amounts for different members, so a main earner and a child are each insured appropriately. Compare a family plan against separate policies to see which works out better for your family.
What to check before you buy
Check who is covered as standard, the maximum ages for adding extended family, the waiting periods, and the cover amount for each member. Make sure the plan covers everyone you intend and pays enough for the funeral each would have. When you are happy with the terms, compare quotes. This is general information, not financial advice.