What is the Advance Funeral Payment?

Answer:

Once you have held your Platinum Life Insurance continuously for 24 months, we will automatically upgrade your Policy to include a $10,000 Advance Funeral Payment from your Life Insurance Benefit. This advanced payment is to help with the cost of paying for the funeral or other final expenses while we are assessing the claim.

Please note, we must receive satisfactory evidence of the Life Insured’s identity, age and cause of death, in order to advance these funds. When we pay the Advanced Funeral Benefit prior to paying the Life Insurance Benefit in respect to a Life Insured, the final Life Insurance Benefit will be reduced by $10,000.


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