Why would you want Funeral Insurance?
Published on Wed May 8 2024 in News
Saying goodbye to a loved one is never easy, and the last thing anyone wants is to leave their family with financial worries while they are saying goodbye. That’s where funeral insurance can provide peace of mind.
Funeral Insurance pays a quick lump sum payment to your family when you pass away to pay for your funeral or any other final expenses. In New Zealand, a modest funeral will typically range from $8,000 to $10,000 according to a 2019 Ministry of Health report, but this can vary based on factors such as timeframes, location, the type of service, and the choice of casket or headstone. Additionally, funeral costs are going up, just like food and gas prices.
The benefit of Funeral Insurance is it’s a quick payout, allowing beneficiaries the flexibility to use the funds as needed. Whether it’s for your funeral service, outstanding bills, or immediate mortgage or loan repayments, essentially whatever your family needs at the time.
At Momentum Life, we understand the importance of supporting your loved ones, even after you're gone. Our funeral insurance ensures a fast payout within 48 hours of approving the claim. This enables your family to focus on honouring your memory without the added stress of financial concerns.
Ministry of Health. (2019). [Health and Independence Report 2019] Retrieved from [Ministry of Health Health and Independence Report 2019 | Ministry of Health NZ]
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The content provided in this article is for information purposes only. The information is of a general nature and does not constitute financial advice or other professional advice. To the extent that any of the content constitutes financial advice, it is limited to Momentum Life products only and does not consider your specific financial needs or goals. You should consider whether the information is appropriate for you and seek independent professional advice, if required.
All product information is correct at the time this article was published. For current product information, please visit the Momentum Life website.