Burial and funeral insurance can be a good addition to your coverage - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Having supplemental funeral insurance to cover final expenses allows your beneficiary to immediately access funds from your traditional life insurance to cover mortgage and other household expenses

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

Life insurance pays the funeral home first, causing a delay before your beneficiaries receive the payout. Funeral insurance will cover final burial expenses while allowing your beneficiaries to get an immediate payout of your regular life insurance policy. The loss of a loved one is emotional and traumatic. Making funeral preparations while grieving adds another layer of stress. Finances and the availability of funds compounds the issue. Typically, a life insurance policy will pay the funeral home and cemetery before disbursing funds to the beneficiaries. That means that your beneficiaries will have to wait a few weeks before receiving funds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

6 life insurance mistakes you don't want to make - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. there is no such thing as life insurance lol, hypnotize on though
Source: BusinessInsider - 🏆 729. / 51 Read more »

SUCCESS INSIDER: 6-figure side hustles, resume templates, Y combinator - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Y’all really post some wild shit Earn with the THE WORLD FOREX EXPERT TRADERS the best binary and Forex platform , i made $10, 000 within a week with just $1500 investment I never believed it's real till I gave it a try Contact the admin Mr Abrantes Rene via Twitter 👇👇👇 abrantesrene
Source: BusinessInsider - 🏆 729. / 51 Read more »

Omsom founders discuss launching a new business during the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 👍 The pandemic is scheduled to last for 20 years. Then tell me, are you going to be hidden in your house for 20 years? Huh?
Source: BusinessInsider - 🏆 729. / 51 Read more »

Businesses are taking an unprecedented stance on looting - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Truely the heart and soul of American business success is the small business owners get idiot mayors and governors to stop the riots and looting!!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fall semester brings no relief to struggling college towns - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. MasksOff MasksOffAmerica MasksDontWork ! 😲 I finally got choice of a passive income and stopped depending on my ridiculous paycheck, I'm currently trading binary option & crypto with Godspecialone1 earning over $2400 from a fixed capital investment of $300 within 7 days very encouraging. Fee free to contact her
Source: BusinessInsider - 🏆 729. / 51 Read more »