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What if you don't have death insurance?

Starting to talk about death is not usually very pleasant for us. However, it is important to discuss the issue calmly and honestly with family and loved ones. Have you ever imagined what would happen to your family if you died ? Who would bear all the expenses? The death of any person entails both procedures and costs that must be assumed at the very moment the loss occurs, which requires concentration and movements that, in all probability, are what we least want to do in such a hard time. For this reason, it is very important to have death or death insurance, which will allow you to expedite all this paperwork. Below, in a HOWTO, we explain what death insurance is, how to use a death insurance comparator and what happens if you do not have death insurance .

What is death or death insurance

Death or death insurance is one of the most important insurances, since it is a policy that allows your family or friends not to bear the costs of your death in the event of death . However, most insurers do not allow this insurance to be formalized after the age of 60, but it can be done from any moment prior to that age and said insurance will be automatically renewed year after year.

In general, the expenses of a death range between €3,000 and €4,000, so it is highly recommended to have death insurance that allows you to cover these amounts when the time comes and, furthermore, not compromise to your loved ones, who should pay such an amount.

The conditions that fall within said insurance may vary depending on the insurer as well as the monthly fee you pay. You can check both the coverage and the amount of the insurance using a death insurance comparator . In general, the most frequent coverage for deaths are:

  • Funeral expenses, which may include the coffin, obituaries, tombstones, niches, graves, religious services…
  • Administrative procedures, that is, paperwork of a legal nature such as the death certificate, the last testamentary wills or the contribution, among other formalities.
  • Transfers. It refers to the hearse and the attendants. The prices may differ depending on the location, if it is an urban or rural nucleus or, even, depending on the part of the country in which the deceased is located.
  • Repatriation, in case the deceased lives abroad or the death occurs during an international trip. Funeral insurance contemplates this cost in advance, which is usually very high.
  • Incineration.
  • Agency assistance, to manage those documents related to rights and responsibilities related to a death, such as widow’s or orphan’s pensions, inheritances or changes of ownership, among others.
  • Telephone, travel or educational assistance service at home.

Any service and/or coverage must be detailed in the death insurance contract. Depending on the price of the insurance, more or less coverage may be included. To find the best death insurance adapted to your needs and expectations, do not hesitate to use a death insurance comparator .

What if you don’t have death insurance? – the answer

Having death insurance is the guarantee that family members will have the right to claim services for the amount or value insured when the owner dies. Likewise, all the surplus that has not been invested may be demanded by the heirs. But what if you don’t have death insurance?

There are people who do not realize the importance of death insurance that, as we have previously highlighted, has numerous coverages in the event of death: from funeral expenses , to administrative procedures, transfers or repatriation, among others. Not having this type of insurance in the event of death can mean a total cost of approximately €3,500 that must be borne by relatives or relatives. Not having death or death insurance means that the heirs will have the legal obligation to meet all expenses : coffin, funeral home, niche, tombstone, obituaries, bureaucratic procedures… In this sense, there are many families that do not have the means necessary to take care of all these expenses, so death insurance is a guarantee to avoid complicated situations, because in just one call the professionals will take care of all the necessary steps.

Any death of a loved one is a very hard time, so having death insurance will allow relatives and relatives to focus on their mourning and saying their last goodbye to the deceased, without having to be aware of all the administrative procedures that must be done at the same time and that require a cool and focused head. Funeral insurance, like many other policies, have different conditions and, the younger you contract it, the more guarantees you will have and the more coverage you can add. Hiring death insurance will give guarantees and peace of mind to your relatives.

What if you don't have death insurance? - What happens if you don't have death insurance? - the answer

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