Arrange funeral insurance for yourself and next of kin

With funeral insurance, the cost of your funeral is covered. Did you know that on average a funeral costs €7,500? This may seem like a high amount, but a funeral involves a lot of costs, such as the coffin, the farewell service, the burial, transportation, funeral cards, flowers and catering. Not everyone has this amount in his or her savings account at the time of death. Especially since death sometimes comes unexpectedly. Funeral insurance relieves your loved ones of a lot of financial worries and helps them arrange a beautiful farewell. Want to know which insurance is best for you? Take a look at the possibilities here.

You don't actually take out funeral insurance for yourself, but for your next of kin. The death of a beloved person is a difficult event. During this sad period, your next of kin must also make funeral arrangements. Of course, you don't want your next of kin to have to bear the cost of your funeral or saddle them with financial worries. While the cost of a funeral is high, insurance doesn't have to be. The earlier in life you purchase insurance, the lower the premium. Once you take out insurance, you won't have to worry about it for the rest of your life. You can then go on living carefree knowing that everything is well taken care of.

Funeral insurance is not compulsory insurance. So you choose whether or not to take out such insurance. In a number of situations, taking out insurance is certainly wise. The average cost of a funeral is between €6,500 and €11,000. Do you have little or no savings and no funeral insurance? Then it will be difficult for your next of kin to organize a funeral. You are saddling them with financial worries. With insurance, you know for sure that the costs of your funeral are covered and that your loved ones will not be confronted with unpleasant surprises. Do you have sufficient savings? Then you can also opt for funeral insurance. When savings rates are low, it is often more favorable to take out funeral insurance. In that case, it will earn you more than a savings account.

There are several things to consider when taking out funeral insurance. By taking out a good insurance policy now, you ensure that your next of kin do not have to worry (financially) about organizing a dignified farewell.

Your funeral wishes

No one likes to talk about death, but it is important to discuss your wishes for a funeral in advance. After all, these are also important when taking out funeral insurance. Will you go for a funeral or a cremation? Would you like the farewell to take place in a funeral home or crematorium or in a church? Would you like your family to carry the casket? Do you need funeral transportation? These issues all come into play when choosing funeral insurance. Thinking about these in advance will give you a good indication of the costs and you will know the best amount to insure.

Type of insurance

When taking out insurance, you have a choice between endowment insurance and in-kind insurance. Below we discuss the types of funeral insurance in more detail.

Duration of insurance

Another important factor to watch out for is the term of the funeral insurance policy. The term of an insurance policy indicates until when you have to pay premiums. There are funeral insurance policies are a term of 10 years, 20 years, 30 years or until a certain age. When the term of your funeral insurance ends, it means you have paid enough premium to the insurer to pay for your funeral.

It is very important to us that you are fully informed about the fees you pay for our services. That's why we strive for maximum transparency and clarity regarding fees at Alpina. View our rate card here.

The cost of funeral insurance depends on a number of factors:

• Your age
• The type of funeral insurance you choose
• The term of the insurance
• Your health

Up to age 18, children can be co-insured on their parents' funeral insurance. From the time you turn 18, you can take out your own funeral insurance.

Nowadays, more and more younger students are also taking out funeral insurance.

Arranging funeral insurance takes just a few minutes at Alpina.nl . However, it is important to think about your funeral wishes beforehand. This way you can easily calculate an indication of the amount you need to insure to cover your funeral.

With funeral insurance, you are insured against the cost of your funeral. You pay an amount of premium each month for your funeral insurance. When you die, the money or package is released (depending on the type of funeral insurance) to pay for your funeral.

Don 't have funeral insurance? Then your next of kin will have to pay for your funeral. You may have saved some money to pay for your funeral. In that case, your next of kin can use this money to cover the funeral costs. However, if you have little or no savings, it is wise to consider funeral insurance. That way, your next of kin won't have to worry about high funeral costs.

It pays to purchase funeral insurance at a young age. In fact, funeral insurance is a lot more affordable when you are young. The premium goes up as you get older, making it more expensive to buy funeral insurance at age 50 than when you are 20. So it's best to buy funeral insurance early.

From the moment you die, the insurer with whom you took out funeral insurance pays out the accrued, insured amount to your loved ones to finance your funeral. Contrary to popular belief, however, that amount cannot be freely used.

This means that your next of kin cannot use the money for just about anything, such as personal purchases. After all, this is not an inheritance, but a sum of money intended solely to finance the funeral itself.

Determining the premium for funeral insurance is simple in itself. A few factors come into play here, including the amount insured itself, the insurer you choose and more. This overview will help you clarify those in advance.

Two types of insurance that are often confused are funeral insurance and term life insurance. What exactly do both involve and in what ways do they differ? Read more below so you can make the right choice for your situation, budget and personal preferences.

Funeral insurance is undoubtedly one of the most interesting insurances if you are already aware that your death will also affect your next of kin. After all, financing a funeral is a matter that often involves a lot of costs, and you obviously don't want to saddle your loved ones with that. Especially when they are still going through the grieving period.

This is precisely why it is important to purchase funeral insurance as early as possible. Is such funeral insurance actually mandatory, yes or no?

What is funeral insurance underwriting, how does the process work and what do you best pay attention to when taking this step? All of these questions are answered here so you can make an informed decision.

Don't yet have your own funeral insurance as an over 65-year-old but want to get one? Then read on quickly for answers to all your questions related to funeral insurance over age 65.

Would you like to know more about buying out your current funeral insurance, what is involved and what are the main advantages and disadvantages? Below, all your questions will get a clear answer, so you are sure to make the right decision.