4 Cigna Funeral Insurance Terms You Need to Know before Applying

1. Welcome to Funeral Insurance NZ

2. 4 Cigna Funeral Insurance Terms You Need to Know before Applying None of us like to ponder on our own mortality, no matter how inevitable we know it is. Preparing yourself is one thing, but making sure your family goes through the grieving process properly is something entirely different and perhaps even more important to you. When it comes to planning ahead to ease the burden of your death on your loved ones, you know that preparation begins with having the right funeral insurance. To truly provide peace of mind for your family and friends, you need to think about funeral insurance options. But don’t go signing away before you fully understand the terminology of your funeral cover documents, so you can get the best outcome.

3. First, a Definition Before you consider purchasing Cigna funeral insurance, it’s a good thing to know exactly what it is and how it will help your loved ones once you’ve passed. Cigna Funeral insurance is a set sum of money that is paid out to your family in the event of your passing. The amount of money you leave behind to tie up loose ends and to ensure you get the celebration you deserve is up to you. Cigna Funeral Insurance policy is easier to set up than life insurance – simply give Funeral Insurance NZ a call to discuss the sum you want and then you pay – at a frequency you chose. What’s a premium? Don’t worry; we’ll get to the terminology shortly! Unfortunately Cigna funeral insurance isn’t at the top of most people’s list when they’re preparing for the future. We’d rather spend our time organizing more important things, right? But what’s more important than making sure your family is prepared for your eventual death? If you take the time to consider the impact of your death on your loved ones, you’d be signing on the dotted line stat. Also, consider leaving this world the way you lived it. Go out with the party that you want – a celebration of the beautiful life you lived. You don’t want to put your family into debt trying to fulfill your last wishes, do you? Then do the right thing and get Cigna funeral insurance.

4. What Does the Cigna Funeral Insurance Cost? Depending on your own personal style, the cost of Cigna funeral insurance is variable. When you are planning for the amount you’d like to be insured for, there are plenty of things that you need to take into consideration. Funerals, when we go to them, seem seamless. Everything is perfect from the flowers to the catering. But all of it takes money and planning. Here are just a few of the costs that can really add up to a hefty funeral bill: • Venue • Coffin • Wake • Catering • Flowers • Administration • Priest • Burial/Cremation It looks like a small list, and depending on how many people will attend, the cost can go up or down. You deserve better and so does your family.

5. Who Should Consider a Cigna Funeral Insurance Policy? Cigna Funeral Insurance policy depends on your individual financial situation – your nest eggs, saving, and budgeting will all determine whether or not you really need Cigna funeral insurance. Cigna funeral insurance is particularly helpful for people with the following situations: • You have no life insurance coverage • You have no other means of paying for a funeral • You want to cover your expenses yourself • You have limited savings and no way to pay the bills If you identify with any of these above statements it’s time to talk to your insurance provider about getting Cigna funeral insurance. Over the years, Cigna funeral insurance has become a popular policy for insurers all over the world. There are thousands of applications for Cigna funeral insurance applied all over New Zealand each year. Why? Because NZ citizens want to be prepared in the event of a premature or untimely death! You can’t put a price tag on the peace of mind you’ll get that comes with being prepared with Cigna funeral insurance policy.

6. ABCs of Cigna Funeral Insurance Once you’ve decided to make the smart choice of purchasing Cigna funeral insurance cover, you then have to brace yourself for the worst part of the insurance jargon. It’s true! If you are an insurance novice, you might not know what you are signing up for! Have no fear – we’ve got the information you’re looking for. By the time you are finished with the top terms used in Cigna Funeral Insurance, you’ll be a funeral cover expert! So, start reading on further!

7. Cigna Funeral Insurance Policy Owner: Let’s start with the easiest term! The policy owner under Cigna Funeral Insurance is the person who is purchasing the insurance policy. You bought the policy which means you control it. That said, the policy owner may not be the person whose funeral you are covering. From a legal standpoint, the policy owner is the only one who can change the beneficiary and get any necessary policy details from the insurance company. Cigna Insurance Policy Beneficiary The beneficiary is the person who will receive the Cigna funeral insurance payout. Your nominated beneficiary is named in your schedule and can be changed by you at any time. Your beneficiary must be an individual person who is aged 16 or older. There aren’t too many restrictions on who your beneficiary can be, but they can’t be your trust, trustee or a company. If your beneficiary passes away or is difficult to find, the money will be paid to your estate.

8. Premiums in Cigna Funeral Insurance Surely, you’ve heard of the term premiums i.e. the amount of money you pay to the insurance company to be insured. The amount you pay is decided by you when it comes to Cigna Funeral Insurance, it all depends on how much you’d like in order to see your last wishes carried out. Insurance companies like Funeral Insurance NZ offer Cigna Funeral Insurance to suit everyone’s financial situations. Clever NZ citizens pay their premiums by direct deposit so that they never miss a payment in order to keep the policy current. Cigna Funeral Insurance Benefit This is where we show you the money, so to speak! The funeral benefit is the amount of money you’ve insured that is paid to your beneficiary. Again, the amount is entirely up to you. If you are looking at cremation as opposed to a fancy mausoleum, you can have a funeral benefit of between 5K and 30K.

9. Like we’ve said before, we know that it’s not easy getting through the insurance paperwork as there’s a lot of jargon that is easy to misinterpret. As the master of your own destiny, you’ve got to know what every term means on your Cigna funeral insurance policy, because you can’t sign a legal document that you are unsure about! While we’ve covered a few of the terms here, contracts can differ from company to company. The best thing for you to do when you are shopping around for Cigna funeral insurance is to get in touch and start asking questions. If you are already insured with Cigna funeral insurance at Funeral Insurance NZ, we can take you through the ins and outs of this amazing funeral cover plan. All you have got to do is pick up the phone and dial to us! We’ve got our experts stand-by for you!

10. Submit the Query Form here: https://bit.ly/2rMZ9XN Or Contact on Tel: 0508-746488 Email: paul@insurancehelpline.co.nz Website: www.funeralinsurancenz.co.nz