Can you have more than one funeral policy?
While there is no limit to the number of funeral policies you can have, and nothing in the Long-Term Insurance Act that deals with “over-insurance”, there are insurers who won’t insure any one person for more than a set amount and there are those that will pay only a certain number of polices on a particular person’s …
Can you pay for your own funeral in advance?
The short answer is yes – you can pay for a funeral in advance through a funeral payment plan. A prepaid funeral plan is an option for those who wish to pay for a funeral in advance at today’s prices.
Can I switch funeral policy?
Funeral policyholders can now switch policies with no new waiting periods imposed. Customers who don’t want to be left exposed during the transition period would therefore have the financial burden of paying a double premium while waiting for new waiting periods from their new insurer to end.
How much is capitec funeral cover per month?
Visit a branch for funeral cover starting at R40 per month, or pay lower premiums from just R25 per month when you use our banking app to get your funeral plan. Get cover for one spouse and up to 4 parents, 8 children and 8 extended family members – all on one plan. Only pay what you can afford.
Can you cancel a life insurance policy and get money back?
Do I get my money back if I cancel my life insurance policy? You don’t get money back after canceling term life insurance unless you cancel during the free look period or mid-billing cycle. You may receive some money from your cash value if you cancel a whole life policy, but any gains are taxed as income.
What happens if you have no money for a funeral?
If someone dies without enough money to pay for a funeral and no one to take responsibility for it, the local authority must bury or cremate them. It’s called a ‘public health funeral’ and includes a coffin and a funeral director to transport them to the crematorium or cemetery.
How do I claim my capitec funeral?
Ways to claim
- Email [email protected]
- Visit a branch.
- Call our 24hr Client Care Centre on 0860 10 20 43.