One of the most comprehensive plans for insuring not only yourself but a whole range of your relatives is provided by the Assupol Funeral Cover, which is offered as one of two plans – the Excellence Family Funeral Plan and the Absolute Advantage Family Funeral Plan. These people are considered to be “dependent lives” and their funeral coverage will continue for several years after you have died.
Practically anyone who is closely related to you is covered by your purchase of the Assupol Excellence Family Funeral Plan – not only your spouse and children, as you might expect, but also your parents and parents-in-law, adopted children and stepchildren, and other blood relations such as uncles and aunts, nephews and nieces, and your siblings as well.
Your death does not disrupt the plan for other people whose funerals are insured by it. Instead, they will continue to be covered by the Assupol Funeral Cover for another 5 years, completely free of charge. This generous arrangement also provides a lump sum Death Benefit when the Life Assured individual dies accidentally – you can also opt to have this coverage extended to all of the dependent lives covered by the Excellence Family Funeral Plan.
Premiums are calculated on your special needs and situation, but are designed to be as accessible and affordable as possible. The plan is also designed to give you the good quality, punctual funeral that you desire in case of your death – although death from natural causes is not covered for six months after enrolment, accidental death is covered immediately; to ensure you receive a speedy burial, claims are paid within three days of the proper documents being submitted; and benefits continue to be available regardless of age or retirement.
You are offered a huge range of options for further personalizing your Assupol funeral cover under this plan, including a cashback benefit, the option to have your cover grow over time so that future funeral price increases will be met, and a Family Income Benefit that gives your immediate family a monthly payment equal to 10% of your Funeral Benefit for half a year following your decease.
The Absolute Advantage Family Funeral Plan is a more limited version of Assupol funeral cover that provides benefits only for you, your spouse, and your children. Coverage ranges from R3,000 to R20,000, and coverage of Dependent Lives ceases immediately when the Life Assured (main insurance recipient) dies. However, your spouse and children will receive a half year’s worth of cash allowance, and if they die first, then their funerals are fully covered.