Preparing for a funeral is one of the times that most people realise the extensive costs that come with burying a loved one with dignity. Not only can it become overwhelming when you are still grieving, but it can put a dent in your finances if you are not prepared. Our handy guide helps you break down costs that can occur while preparing for a funeral and how you can be better prepared.
How much does a funeral cost in South Africa?
The pandemic has caused funeral parlours into hiking their prices by 25%
, an expense that can prove to be a heavy blow to families who have no financial backup plan to pay for funeral expenses. Not thinking beyond the funeral day by having a life cover policy
in place can also make it difficult for families to get back to life as they knew it. The costs that come with funeral arrangements in South Africa can differ based on how a family chooses to organise a funeral. You could be looking at anything between R10,000-R86,000 or more, depending on how elaborate the funeral is. What funeral arrangement costs should you consider?
Juggling the costs for before, during, and after the funeral day boils down to doing your research and comparing the options that are available to you. It is more ideal to have this sorted while a person is still living to avoid dealing with the financial stress on a day that is meant for grieving. Expenses that need to be taken into consideration are:
Is having a funeral policy worth it?
- Coffin or cremation costs. The costs for this will be based on a family's preference. Cremations tend to be less costly than coffins with the average cremation costs in South Africa ranging between R7 000 - R15 000. Coffins can cost anything between R800-R50,000 or more.
- Gravesite. These tend to differ based on the municipal costs on where you would like to bury a loved one, ranging from a minimum of R1,000-R6,000 or more.
- Tombstone. Based on the size and material that is used you could be looking at anything between R2,900-R95,000 or more.
- Transport. There is no set price range due to the array of available options. You can reduce costs by carpooling and sticking to the pandemic funeral guidelines.
- Funeral parlour costs. You will have to consider funeral home fees whether you are planning on cremation or burying a loved one. The costs start at R5,000-R10,000, but most homes include this fee to carry out most of the funeral arrangements on your behalf.
- Catering costs. Food could be the biggest ticket item that comes with organising a funeral based on how many people will be there and what meal you choose to prepare. You could face anything between R30 per person - R5,000.
- Flowers. This can be included in a funeral package.
- Venue hire. Based on how many people will be in attendance, for a tent hire you could be looking at anything between R500–R5000 or more.
Having a funeral policy can help many families soldier the costs that come with funeral arrangements
to make sure that their loved one is buried with dignity. You have the option of choosing how much funeral cover you would like to have with funeral policies ranging from R10,000 to R50,000 or more in South Africa.
Checking the benefits that come with a cover can help you know what you can expect when it comes to the claim stage. Funeral cover benefits will differ from insurer to insurer. For example, MiWayLife funeral cover
- Accelerated funeral benefit that pays out within 48 hours.
- Funeral cover for you, your spouse, eight children, four parents/parents-in-law and eight extended family members.
- Cover options range R10,000 to R50,000.
Both funeral and life cover are affordable, but what is most crucial when taking out either are the benefits that each can offer you. You can get the best of both worlds by taking out a life cover
with MiWayLife that offers you a built-in funeral and life insurance cover under one premium. You still get all the bells and whistles under one premium, giving you one less thing to worry about.