The use of a funeral scheme can be very beneficial to both the individual and the group. Typically within a group scheme the funeral parlour will pay for the funeral after the death of one of its members. Societies will also fall under this scheme. A good funeral scheme will cover it’s members and provide added benefits such as an excellent admin service, the service offering of funeral administration software and advise with regards to other claims.
Death is an uncomfortable subject for all of us, yet it is something that every person needs to deal with at some stage. A lack of funds will only increase the amount of stress that is experienced around a death and therefore funeral schemes are developed to decrease the financial pressure around such a sensitive time. For more information with regards to funeral schemes please contact Riskfin.