Use this cheat sheet to determine if you need to make any changes to your funeral policy details including members, beneficiaries and cover amount.
The good news is you can now switch your funeral policy to another insurer without the 6 months waiting period. Get in touch with us and we will help you investigate the options.
The good news is you can now switch your funeral policy to another insurer without the 6 months waiting period. Get in touch with us and we will help you investigate the options.
Times when you must review your funeral policy
Your family grows.
If your family grows, you can add your new family member to your funeral policy to make sure you are all covered.
If your family grows, you can add your new family member to your funeral policy to make sure you are all covered.
You get married or divorced.
When a marriage or divorce occurs, check that your funeral insurance is still appropriate and covers those you provide for.
When a marriage or divorce occurs, check that your funeral insurance is still appropriate and covers those you provide for.
Your children reach a certain age.
As your children get older, check if their cover amounts can be increased, if your insurer does not do this automatically.
As your children get older, check if their cover amounts can be increased, if your insurer does not do this automatically.
Your children reach adulthood.
Children can usually be covered on funeral policies up to the age of 21, or 25 if they are full-time students. Once they reach this age they will no longer be covered on your policy.
Children can usually be covered on funeral policies up to the age of 21, or 25 if they are full-time students. Once they reach this age they will no longer be covered on your policy.
Funeral prices increase.
Funeral costs, like so many costs, tend to increase over time. Review your sum assured once a year to make sure it will cover the costs of a respectable funeral.
Funeral costs, like so many costs, tend to increase over time. Review your sum assured once a year to make sure it will cover the costs of a respectable funeral.
You need to save money and reduce your cover.
If times are tough and you need to reduce expenses, you may choose to reduce your cover amount as this will affect your premiums or shop around for alternative quotes.
Testimonial “ Melisizwe , the financial advisor from Maple helped me switch my funeral policy and save me a lot of money. I was paying R900 for 5 family members covered for R50 000 each. Now I am paying R317 for 6 family members with the same cover of R50 000 each.” Emmanuel.
If times are tough and you need to reduce expenses, you may choose to reduce your cover amount as this will affect your premiums or shop around for alternative quotes.
Testimonial “ Melisizwe , the financial advisor from Maple helped me switch my funeral policy and save me a lot of money. I was paying R900 for 5 family members covered for R50 000 each. Now I am paying R317 for 6 family members with the same cover of R50 000 each.” Emmanuel.
Update your policy – and schedule the next update!
If you need to update your policy, simply contact your financial adviser. They will assist you with any changes and answer any questions you might have.
If you need to update your policy, simply contact your financial adviser. They will assist you with any changes and answer any questions you might have.
For assistance contact your Maple financial advisor
Contact Melisizwe on (083) 209-0769 / send him a whatsapp message
Contact Lonea on (073) 211-3364 / send her a whatsapp message.