Funeral and life insurances
When the insurance holder dies, there are many things that family members need to sort out as quickly as possible. Funeral insurance prevents this from further complicating things for loved ones in what is a delicate situation.
It is a product that is specifically designed to cover the expenses and paperwork related to a person’s death. If you are considering taking out funeral insurance, we explain below what it is, as well as what coverage is essential and how it is different to life insurance.
What is funeral insurance and what is it for?
Funeral insurance is an insurance policy that covers the expenses that families need to deal with in the event of a person’s death. Funeral insurance is a kind of insurance policy that covers the expenses that families need to deal with in the event of a loved one’s death.
The purpose behind it is to ensure family members do not need to worry about the cost of the funeral service or deal with administrative procedures, such as requesting a death certificate or other certificates from the Civil Registry.
So, this insurance policy guarantees:
- Peace of mind for loved ones.
- Financial stability at a difficult time.
- Professional support for carrying out administrative procedures.
Which items are most commonly covered in funeral insurance?
- Full funeral service(includes coffin, flowers, funeral parlour, burial or cremation, etc.).
- National and international transfer
- National and international transfer of the mortal remains.
- Funeral car
- Funeral car for transfer to the cemetery.
- Documentation and managing
- Obtaining documentation and managing legal procedures (certificates, registry, etc.).
- Legal assistance
- Advice and management regarding legal and administrative procedures.
- Psychological care
- Psychological care for family members.
Is there any additional coverage?
Yes. With SegurCaixa, this may also include:
- Additional funeral services
- Additional funeral services to personalise it
- Digital fingerprint
- Digital fingerprint management.
- Transfer
- International transfer and repatriation of foreigners
- Compensation
- Compensation for study grants for children
What kinds of funeral insurance policies are available?
As an insurance company, we offer different kinds of funeral insurance policies with different coverages, as follows:
SegurCaixa Single Premium Funeral Cover
Designed for those aged over 60, this allows for a single payment to cover funeral costs, transfers, psychological and legal care. It offers peace of mind with no regular payments.
SegurCaixa Full Funeral Cover
Offers comprehensive coverage which includes funeral services, national and international transfers, psychological and legal care, and additional options such as digital fingerprint management. The price does not vary according to age.
SegurCaixa Plus Funeral Cover
In addition to the items covered in the full plan, this includes extended psychological care, international repatriation in journeys of up to 90 days and the option of including international transfer and repatriation of foreigners to their home country with the travel expenses of an accompanying person. Without increasing the price according to age, from 71 years of age, it also includes digital fingerprint management and the option to include additional services in the burial.
Differences between funeral insurance and life insurance
Funeral insurance
- Funeral insurance covers expenses and services following a death: funeral, transfer of mortal remains, legal and administrative procedures, psychological care, etc.
- Funeral insurance focusses on facilitating the procedures in the event of a death, whereas life insurance aims to ensure financial support.
Life insurance
- Life insurance provides a sum of money by way of financial compensation to the beneficiaries.
- Life insurance may also cover situations such as permanent incapacity.
In short, these are two different kinds of insurance policy and, in many cases, they go hand in hand.