Nominating a Beneficiary for Your Funeral Cover Policy? Here’s What to Keep in Mind
The funeral costs following the death of a friend or family member are twofold: financial cost and emotional cost. Funerals often comprised of hidden expenses, and the thought of leaving your family caught out in what’s already a time of heartache, can be too much to bear. Whilst work and income policy in NZ by the govt can offer some support and assign a funeral grant of up to $5,880; this often doesn’t scratch the surface when you take into account the cost of flowers, coffins, headstones, celebrants, death notices and all the other things that come along with organizing a funeral. More and more NZ citizens are looking to funeral cover to reduce the financial strain on families in the event of their death, with many policies offering affordable premiums that promise to pay out within 48 hours of making a claim. Funeral cover plans are just the one-way out to make things easier for family and friends when it comes to arranging the funeral of a loved one. Funeral cover pla...