Tranquilidad en los momentos dificiles
Why take out funeral insurance?.
Taking out a burial insurance policy gives you the peace of mind of knowing that, even when you are no longer around, all the unexpected events related to a death will be covered. This means that your family will have nothing to worry about at such a tragic time.
A death is a very tragic event for a family and our funeral insurance cannot prevent it, but it can make the whole process as simple and worry-free as possible for those close to you.
What coverage does our funeral insurance offer?
Our funeral insurance covers all aspects related to the death, providing a complete funeral service, whether burial or cremation, legal and juridical advice to the relatives of the deceased, management of administrative procedures, celebration of religious or similar services, and everything related to the death of the insured person.
In addition to these essential coverages, our insurances also offer benefits in life. Therefore, more than an insurance for the dead, we can consider it an insurance for the living. Some of the most relevant benefits include:
- Travel assistance insurance: So that you and your family can travel with peace of mind, we offer health cover and other services that guarantee your wellbeing during your trip.
- Family legal assistance: For legal consultations, drafting of documents, preparation of free wills and a family lawyer at your disposal..
- Accident death and disability insurance: To protect you in case of unexpected events.
- Health services: such as tele-medical assistance with a doctor available for online consultations, and a wide range of dental services.
Preguntas frecuentes
How much does funeral insurance cost?
The price of our funeral insurance varies depending on several factors, including the age of the insured, the percentage of the policy’s leveling, the population (as the insured capital can vary depending on the municipality) and the type of service provided.
To give you a more concrete idea, the cost of a death insurance policy for a 40 year old couple with two 3 year old children can vary between 10 and 22 euros per month, depending on the level. Remember that these prices are approximate and may vary depending on the specific conditions of each policy.
What is a single-payment, closed-premium life insurance and natural payment insurance?
To understand all the different types of funeral insurance, it is essential to know that, like life insurance, the premium for funeral insurance increases with age. In other words, the older the person, the more expensive the insurance.
When a certain age is reached, usually from the age of 70 onwards, insurance companies do not allow to take out a death insurance policy and pay it in instalments, as it would not be profitable due to the advanced age of the insured. In these cases, when the insurance is paid in full at once, we are contracting a single payment.insurance.
The difference between the natural and the closed insurance is also related to age. In the level premium, a ‘price’ is set for a given age, and that price does not vary as the person gets older, let’s say we close at one price. On the other hand, in the natural insurance, the price is determined according to a table of ‘prices’ for each age, so we will see the premium increase as the years go by.
How to choose the best funeral insurance for me?
The choice depends on each individual circumstance, but at Futurseguros we offer you some recommendations that can help you to take out the most suitable funeral insurance for you.
- Research the company’s reputation: What opinions do customers have about their funeral service, are they positive, what does the service include (mortuary, funeral home, wake, memorials, etc.)
- Check the coverage: Funeral insurance does not only cover death, but also offers other services that you may not need and that you could save on.
- Ask if the product is finalist or only indemnifies: Some companies only indemnify the day of death and do not carry out the service. At Futurseguros we do not offer these companies
- Decide how much you want to pay: Select a level percentage for the premium, although a higher level may result in an initially more expensive premium, in the long term, the level premium is cheaper. The natural premium may seem an attractive option at first because it is cheaper initially, but in the long run, you end up paying more, ideally a balance between the two.
What happens if you don't have funeral insurance?
First, it is important to check whether the deceased had insurance. How? By checking the deceased’s documentation, correspondence, etc. to see if there are any insurance receipts.
If the answer is no, it is best to apply to the Registrar of Insurance Contracts for Death Cover for a certificate of insurance cover. This process can take approximately 2 months.
If the deceased was not insured, you should contact a local funeral home, many of which have websites, for a quote. The price varies depending on whether you choose burial or cremation (cremation is usually cheaper than burial), and the services you hire, such as the wake, religious services, flowers, etc. To give you an idea, the cost of a death usually ranges between 2000 and 3500 euros.