ClearView have recognized that when a parent passes away there is usually a need for immediate, sometimes considerable, funds to provide a suitable farewell. Funeral costs can range from $4000 to $14,000 including cremation or burial costs, flowers and memorial service (according to moneysmart.gov.au). Unfortunately most of these expenses need to be paid right away and can’t wait for the sale of a family home or estate settlement.
Add Parent Cover to your own life insurance
Rather than your parent taking out a funeral insurance policy and paying ever increasing costs as they get older, you can now add Parent Cover to your own life insurance and choose a level premium to fix the cost. If your parent is aged under 85 you can take out Parent Cover of between $5000 and $15000. There is guaranteed acceptance, without the need for your parent to complete any forms.
Parent Cover provides a cost effective alternative to traditional funeral cover and can give your parents peace of mind knowing that you have their funeral costs covered.
To find out more about this innovative new benefit please Contact Us.