Most Commonly Asked Questions About Us.
n the context of funeral insurance, an insurable interest exists when family members purchase a policy on the life of another family member. The principle of insurable interest here assumes that the family would be financially impacted by the costs associated with the funeral and burial expenses of the insured family member. Essentially, the family has a legitimate financial stake in insuring against the costs that would arise from the death of the insured, making it legal and valid for them to purchase funeral insurance on that person’s life.
People often inquire about what expenses are covered under a funeral insurance policy, such as costs for the casket, mortuary services, burial or cremation, and memorial service.
Potential policyholders commonly ask about the premiums, how they are calculated, and what factors might affect the cost, such as age, health status, and the level of cover desired
Questions about who can be included in the policy, such as spouses, children, parents, and extended family members, are common.
Many inquire whether they need to undergo a medical check-up to qualify for funeral insurance. It is not a requirement for our policies.
Speed of payout is a critical concern, as families often need funds quickly to pay for funeral expenses. People ask about the claim process and how long it typically takes to receive the payment.
Potential buyers may ask if they can increase or decrease their cover, add or remove dependents, or make other changes to their policy.
Questions about the consequences of missing a premium payment, including grace periods and policy cancellation, are common
