The funeral insurance known as Avbob Funeral Cover is offered by a funeral service company, who will not only pay for your interment, but can also make the arrangements and carry out the ceremonies if you wish, as well. The Funeral Assurance plan lacks many of the frills that more expensive funeral insurance policies offer, but it gives you a solid, reliable plan for your burial and the burial of your dependants at an affordable price.
Avbob Funeral Cover offers several different plans, depending on your circumstances. One of these plans provides funeral insurance to a “main member” and their spouse and children, while the other plan insures only the “main member” and their children, excluding their spouse from coverage. In this way, the main member is protected financially by the plan just as their relatives are.
Single parents and widows or widowers will obviously find the second plan more attractive because of its savings. In both cases, the “main member’s” death removes coverage from their dependants; funeral expenses of spouses or children are only covered if the main member is still alive at the time of their decease.
You can purchase coverage of anywhere from R5,000 to R20,000, which is a slightly more limited range than other companies offer. The premiums are calculated both on the amount of coverage you want, and on your age at your next birthday or that of your spouse, taking the older age as the basis for the premium. Children are insured free until they are 25 years old or begin to earn their own income, whichever comes first.
The fact that Avbob Funeral Cover is sold by the Avbob Funeral Services Limited company means that you also qualify for a free coffin and certain other funeral services if your burial is arranged through Avbob. This makes purchasing this policy even more thrifty, as is explained in literature that will be provided to you by the company.
There are limitations to the funeral policy, naturally – there is a maximum entry age of 64 years (that is, 65 years at your next birthday), and deaths from natural causes that occur within 6 months of purchase are not covered. Premiums are recalculated yearly, from the time when the policy was purchased, to reflect your advancing age.
Several special features are also designed to make the Avbob Funeral Cover more convenient for you. Accidental deaths of the main member cause twice the normal coverage to be paid, unless the cause of death was suicide. You also have a 30-day grace period after your initial entry into the plan during which you can cancel the policy at no cost if desired. This funeral insurance policy is straightforward, basic, yet well-rounded, and gives you the options you need to insure adequately against your death or that of family members..