No one can be really prepared for a loved one dying. On top of the emotional stress and grieving after a loss, your family would also need to worry about the cost of paying for your funeral. Funerals can cost thousands of dollars and not everyone may have this kind of money squirrelled away to pay for a funeral. Having funeral insurance helps ensure that final expenses related to you passing away can be taken care of, and your family is freed from this financial burden at a difficult time. These expenses could include paying for your funeral, paying off any unpaid debts like credit cards, or settling your affairs.
For policies available through Choosi, it’s worth noting that cover is for accidental death and accidental serious injury only in the first 12 months, then death by any cause after the 12-month waiting period. Make sure you check the Product Disclosure Statement of the funeral policy you’re interested in, as these details may differ slightly.