When hiring funeral insurance, it is important to know how useful it is to have a policy of this type. If you take out a death policy, what you do is guarantee maximum security and peace of mind for your family, as a team of professionals will take care of all the necessary paperwork and procedures at such a delicate moment as the death of a loved one.
Keys to choose the best funeral insurance
Hiring funeral insurance must also be done after consulting and taking into account the following:tes keys:
- Review other insurance or financial products that you have contracted. Some of these products that you may have already contracted may include the death service.
- Analyze your needs. It is important to take into account not only your personal situation but also that of your family. You must take into account factors such as age, if you have children or dependents, the place where you live... These circumstances influence when it comes to finding the insurance that best suits your needs.
- A single group policy instead of an individual one. Most insurers that offer funeral insurance allow you to make a single policy that insures all family members.
- Compare the main and optional guarantees offered by the different insurance companies in the market. In addition to covering the administrative procedures and costs, other coverage such as legal advice, psychological support, etc... are important.
- Know the cost of a funeral in your place of residence. The high cost of the burial service is an important reason to take out a death insurance policy that avoids the economic costs that this entails for your relatives. A recent study by the OCU revealed that the average cost of a funeral in Spain is €3545. In the Canary provinces, the average cost of a funeral is €2.397 in Santa Cruz de Tenerife, and €2.662 in Las Palmas de Gran Canaria.