Your policy should always speak to your needs and reality. The policy should be suitable today, tomorrow, short-, medium- and long-term. A change in your circumstances should never leave you exposed. Diaspora Funeral Cash Plan is uniquely different in that it provides immediate financial intervention to the bereaved family. The cash is paid within 24hrs of proof of death and there are a lot of reasons why a funeral cash plan is always a better cover:
Worldwide Protection Without Boarders
Possible simply because cash knows no boarder. Diaspora Funeral Cash Plan pays out US$/£/€/AU$/ZAR immediately on proof of death which guarantees you and your loved ones a dignified send-off no matter what or where.
Related Funeral Expenses
There are certain funeral expenses that traditional funeral insurance ignores, and they cause serious financial challenges for bereaved families and these include things like food + drinks for funeral vigil, church service, family travel, memorial service, tombstone and unveiling ceremony. With a good cash cover you literally cover everything including household bills that may pile up during the funeral.
Location, Preferences and Choices are fluid
The reality of our lives today is that we live in the era of globalisation and it is pretty much a global village. This makes people’s location, choices and preferences fairly fluid either by choice or by default. When your location or your preferences in terms of your final resting place changes your funeral policy should always be versatile enough to adapt.
Transnational Cover for Transnational Citizens
Diasporans are global villagers who belong to more than one society or nation. The complexity of Diasporans’ cross-boarder protection needs means that a suitable cover that speaks to their reality is a cover which is equally transnational.
Flexible and Versatile Cover
The biggest single shortcoming of traditional funeral policies provided by funeral directors is that they are very rigid. You literally stuck with the cover provider and the assumption is that one is born locally, lives locally, dies locally and get buried locally. Unfortunately, that is far from reality and a lot of people have lost cover due to international relocation. With Diaspora Funeral Cash Plan, you are assured that cash is king so wherever, whenever or whatever you know that your wishes will be honoured.
Relocate or Travel Faraway
Whether you relocate permanently or travel on holiday cash knows no border, so your cover remains exactly the same. No risk of losing your policy or being offered a meaningless cash equivalent.
Repatriation or Reverse Repatriation, Burial Abroad, Cremation or Missing Person Presumed Dead
By the time one comes to pass away any of these outcomes are possibilities. You may even pass on in your country of origin and choose reverse repatriation to your diaspora country, the choice is yours and your cash policy covers that.
Diaspora Children Will Not Talk Repatriation
This a big reason to keep your funeral policy as cash denominated. Whilst first generation migrants may be fixated about repatriation, the children are more prescribed where they grew up and may never be repatriated. Cash means they could choose anything and could be anywhere in the world as they grow in their careers they will be covered. With the Diaspora Funeral Cash Plan children are covered for live and you don’t need to worry that they would get removed at some point.
Certainty of cover value
Very often policyholders are asked to top-up on funeral directors’ policies and lot of bereaved families are left out of pocket. This is because over time the services or goods a policyholder is paying for are varied, expired or get changed and at the point of need the bereaved family finds themselves with lower end packages forcing them to top-up for better value. By buying some services or say a casket years in advance there is a chance it will become outdated if you are blessed with longevity. With a cash cover you know exactly what your policy gives you and Diaspora Funeral Cash Plan being a hard currency only policy, long-term value is to a degree hedged against inflationary loss of value and currency volatility.
Use Of Claim Money Not Restricted
The cash can be used for anything be it body repatriation, burial abroad, cremation, reverse repatriation to things like household bills, family travel, food, memorial service to tombstone or unveiling ceremony.