How to choose the right funeral insurance contract?

How to choose the right funeral insurance contract?

Funeral insurance can be broken down into 3 different contracts to adapt to individual needs and prepare for the future with confidence:

    Capital funeral insurance:

On the death of the insured, the capital will be paid to the beneficiary of the designated funeral insurance, namely:

    one or more relatives;
    a funeral director (designated beneficiaries may receive the excess capital).

The amount paid must only be used to finance the funeral. Depending on the organization chosen, the capital may range from € 1,000 to € 20,000. It is up to the insured to estimate the amount needed for his funeral.

    Funeral insurance with standardized services:

This contract is recommended for people who wish to plan a funeral capital but also to define in advance the mode of burial and the type of ceremony. This involves collaboration between the insurer and the funeral director, which is usually part of a partner network. You then take out your provident insurance contract with the first actor and a funeral insurance service contract with the second. On death, the insurer will pay the capital to the funeral director, which will take care of the funeral logistics, in accordance with the deceased's last wishes.

As this is a standard service contract, you can only choose between burial or cremation and religious or civil ceremony.

    Funeral insurance with personalized services:

With this contract, you choose your operator and express your personalized wishes by determining the funeral products and services in advance. After the death, the funeral director will receive the capital and will strictly respect the wishes expressed by the subscriber:

    cremation or burial;
    religious or civil ceremony;
    conduct of the funeral;
    type of casket or urn;
    concession;
    flowers;
    announcement.

The advantage of this type of tailor-made contract is that your beneficiaries / heirs will not have any bad surprises: the precise cost of your funeral will be defined in advance.
What are the funeral insurance guarantees?

The capital accumulated on your funeral insurance gives you access to several benefits:

    the coffin ;
    ceremony ;
    grooming and preparing the body;
    the transport of the deceased, the tombstone;
    the announcements;
    digging the pit;
    the concession (parcel of land rented by an individual from the town hall to bury the deceased).

Some funeral insurance contracts also offer additional assistance guarantees:

    help with administrative procedures;
    repatriation of the body;
    financing of the transport of relatives to the place of burial;
    psychological support ;
    pet sitting, etc.

Who are the beneficiaries of funeral insurance?

In a funeral insurance contract, you designate one or more beneficiaries of the capital that you have built up. They will then have a moral obligation to use this amount for your funeral.

    We speak of a "beneficiary clause" (like the one found in life insurance).

On the death of the subscriber of the funeral contract, the capital will be paid:

    to one or more relatives whose mission will be to finance the funeral with the sum received while respecting the last wishes of the deceased;

    to the chosen funeral director, who will take care of the organization of the funeral, again according to the preferences expressed by the member during his lifetime.

If the capital created is paid directly to the funeral director and if it exceeds the total expenses related to your burial (or your cremation), the surplus will be returned to the designated "second rank" beneficiaries or will integrate the estate. failing that.
At what age should you take out funeral insurance?

Most insurance companies allow you to take out a funeral contract up to the age of 80.
Maximum age of funeral insurance

Depending on your age, the profitability of your funeral insurance will be different and you will need to make a choice of strategic installments (single, temporary or lifetime) to reach your desired capital. We therefore recommend that you compare the offers carefully to obtain a contract with good guarantees of cheap funeral insurance. Do not hesitate to use our funeral insurance comparator (found at the top of this page) and seek our expert advice.