{"id":15766,"date":"2015-12-03T13:00:22","date_gmt":"2015-12-03T12:00:22","guid":{"rendered":"https:\/\/pibgroupiberia.com\/?p=2686"},"modified":"2025-07-21T12:02:28","modified_gmt":"2025-07-21T10:02:28","slug":"increase-in-funeral-insurance-reasons-for-taking-it-out","status":"publish","type":"post","link":"https:\/\/pibgroupiberia.com\/en\/aumento-del-seguro-de-decesos-razones-por-las-que-contratarlo\/","title":{"rendered":"Increase in funeral insurance. Reasons for taking it out"},"content":{"rendered":"

There is a conception of death insurance as something classic, old-fashioned. Nothing could be further from the truth. Data from the sector tell us that this insurance is increasing by an average of 5% per year. In fact, more than 50% of the people who take out the policy are under 40 years of age.<\/p>\n

Why take out funeral insurance?<\/h2>\n

The main reasons for doing so are twofold:<\/p>\n

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  1. What the family does not have to bear the high cost of the funeral service. <\/strong>It is even more so if it occurs outside our locality or even abroad. Thanks to this policy, we pay for it in small monthly instalments.<\/li>\n
  2. What our family members see the effort reduced<\/strong> The paperwork, bureaucracy and other formalities to be carried out in such difficult times.<\/li>\n<\/ol>\n

    Funeral insurance is a type of insurance that is known as \u201cservice insurance\u201d or \u201cservice insurance\u201d.\u201d.<\/strong>\u00a0This service is provided by the funeral parlour, but the company bears the cost of this service.<\/p>\n

    \"insurance\"<\/p>\n

    What services and guarantees does funeral insurance include?<\/h2>\n

    We should value and distinguish the coverage<\/strong> for the ultimate service of the policy, as well as the guarantees enjoyed during life.<\/p><\/blockquote>\n

    With regard to the former, a normal coverage includes: the coffin, hearse, hearse, religious service, wreaths, headstone, obituary, cremation option<\/strong> of the deceased, urn, and the processing of the necessary documents. The latter is very important, as at such times paperwork is a terrible burden.<\/p>\n

    The guarantees enjoyed during life are very varied:<\/p>\n

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    1. 24-hour medical assistance by telephone,<\/li>\n
    2. dental insurance supplements<\/li>\n
    3. travel assistance abroad<\/li>\n<\/ol>\n

      Each company offers different alternatives, not all of them have the same additional guarantees.<\/p>\n

      At our insurance brokerage, we advise against taking out death insurance policies solely for life services. We believe that there has been a distortion of this policy, adding unnecessary guarantees in many cases. Sometimes, these have nothing to do with what the policy is intended for, making this insurance more expensive than it should be.<\/p>\n

      Interesting facts about funeral insurance<\/h2>\n

      These are statistics obtained from the Social Report of the Social Insurance of Unespa<\/strong>, and which justify taking out funeral insurance:<\/p>\n