Brighter futures

One of our greatest challenges in life is building the legacy we will leave for our families. Since equal rights to work were included in the constitution in 1994, many more South Africans have been able to build lives for themselves and their families by working hard and investing in their futures.

South African women for instance, are working and earning more than ever before. Massive strides have been made, from domestic workers finally being included in the updated minimum wage, to the appointment of the first female, South African, CEOs of internationally listed companies. As a result, they are sending many more of the current generation to university. Even if, in many cases, they are the sole breadwinners of their households. Through their hard work, more and more of the nation’s kids are able to go to good schools and get into university. Many of them only the first or second in their families to graduate.

One of the few things that could threaten that investment is the unexpected death of the breadwinner. The family will need to make arrangements for the funeral very soon after death, and if a funeral policy has not been taken out, that money will have to come from somewhere else.

Planning the last farewell of a beloved family member can be one of the hardest things we ever do. It can affect our judgement and result in poor decision making. The last thing you want when finances are tight.

Life insurance policies can take months to pay out and extracting cash from a deceased estate can take even longer. In the meantime, the R10 000 or even R15 000 for a funeral will need to be paid. If you don’t have that kind of ready cash, money that would have gone towards school fees, rent or credit repayments is all you might have available. All of which can have devastating financial consequences if those repayments then have to rely on pay-outs that are taking too long.

Many of us think of funeral policies as paying for a funeral in a time of need, but actually, it’s your last investment in your family’s future. The nature of funeral policies and their faster pay-outs mean that your family will not have to sacrifice the legacy that you’ve built, to give you the farewell you deserve. Even if it is the funeral of a dependant, you know that you will be able say goodbye without risking possible debt or missed payments which will affect your credit score. A Legal&Tax funeral policy protects you and your family.

The benefits of legal consultations combined with the comfort of a funeral policy

Knowing that what you have built is secure for the future is a comfort. Having some control over that future after you’re gone is priceless. If you ensure that all your documentation is up to date, that your plan fees are paid in full and on time, and that you have named a beneficiary, you can be reasonably assured that your policy will be paid out in time.

Our funeral policies all have the added benefit of legal advice, so you have the opportunity to consolidate everything you need to, in a legally binding and secure way. Having your affairs in order and keeping them updated is an investment in its own right. Not only for your family, but also for you and the time you have while you’re still here. The pain of people passing is never easy, but it can be made so much worse by incomplete estate planning. If there was no clear direction left in a legal will, it can lead to uncertainty and even litigation. Which further threatens the legacy that you or your partner have tried to build.

If you are working hard to build a prosperous future for your family, that you hope will last for generations, a funeral policy is a small thing that will save you from big disappointments later.

Compare our funeral plans today, to find the right fit for you.

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