Funeral Bond or Funeral Insurance?
A funeral bond is a financial instrument designed to cater for the eventual costs of a funeral. It is much like a savings account whereby interest or bonuses are accumulated and compound over a period of time. Once a bond has been established, after an initial cooling off period it can only be redeemed upon the death of the bond holder.
Funeral Insurance is much like any other term life insurance policy, in that you will pay a set premium and receive a defined benefit upon the death of the policy holder.
Once a funeral has been
pre-planned, many people choose to take the next step and financially prepare for their funeral. We can assist you in establishing a funeral bond.
This financial product is an investment established specifically for providing for a funeral in the future.