Burial costs to increase

2016-07-14 06:00

ACCORDING FNB CEO, Lee Bromfield, the cost of burying someone is to increase.

In a recent media statement he said with the price increases in fuel and electricity South Africans could see the average cost of burying someone rising significantly.

On average, the cost of a burial is estimated to be between R30 000 and R40 000, but with the rising cost of living, burial could increase substantially.

Bromfield said burial costs take into account buying a coffin, catering, hiring a tent, buying a headstone, fuel or travel expenses for the family and the amount of electricity used when preparing for a funeral.

He said other expenses that are not always considered include the printing of a programme or an obituary, and even the airtime used to stay in touch with key suppliers such as undertakers or caters.

“If unplanned for, all these expenses could easily overwhelm families and negatively impact the hopes of providing a decent burial. Some families may be fortunate to have members who can contribute towards funeral expenses, such goodwill cannot be guaranteed, especially in these tough economic times,” he said.

Bromfield advised that there are a number of options that people should consider in order to cope with high funeral expenses such as taking out funeral cover, reviewing your funeral cover to align with your family needs, being disciplined about paying your monthly premiums, ensuring your cover provides great value at a relative price and selecting a trustworthy provider to avoid being let down when it’s time to claim.

He said in most cases people tend to ignore their responsibility.

“People tend to ignore the responsibility of taking up a funeral plan until they are confronted with a situation that requires it. You’ll be surprised how many people find themselves in excessive debt simply because they neglected to make the necessary arrangements to provide a decent burial for their loved ones,” said Bromfield.

South Africans are fortunate because funeral plans are easily accessible.

However, Bromfield advised consumers to exercise caution because of the vast amount of unscrupulous providers in the market.

“One’s decision to take up funeral cover is as important as the provider you choose to be insured with.”

Bromfield said people should choose a funeral cover that suits their pocket. - Supplied.


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