On average, funeral co? Tent 4500 euros every Frenchman, this price includes the cost of funeral (coffin bearers and vehicle operation burial or cremation) and all ancillary procedures (print ads , plus worship, embalming …). But the bill can quickly flare up if the deceased had asked to be buried in a vault at the other end of France, or the heirs wish to ask a tombstone.
Be careful not to confuse death funeral contracts and contracts, their purpose is not the same. The former are subscribed to protect relatives (spouse, children …) in case of accidental or premature death. They pay a lump sum or an annuity to named beneficiaries in case of death. The funeral contracts, they have exclusive purpose of settling in advance procedures and funding for his funeral.
DIFFERENT CATEGORIES OF CONTRACTS
There are two types of funeral contracts: “financing agreements” (the vast majority of those made) allow a participant to provide advance funding for his funeral. The second, called “service contracts”, add this component a series of funeral services defined in advance by the insured.
These contracts are available at most banks and insurance companies. They often impose an age limit on the purchase, depending on the school, it varies between 75 and 80 years, but there is no health questionnaire at the entrance.
At the opening, the subscriber provides a predetermined capital (1 000-6 000 in general). This amount will be paid to a designated beneficiary at the opening or at a cost – in this case, it will provide invoices and then to repay the remaining capital being paid to rights holders – either free – in this case, the principal will be forwarded to the recipient who then pay the expenses.
THREE TYPES OF FINANCING
When subscribing, there are three types of funding: a payment by temporary premium (spread over a variable period between 10 and 20 years), with life premiums (taken until the day of death) or single premium (set in a once at the beginning).
“To ensure the payment of a capital of 4000 euros, a 70 to 74 years will have to pay 606 euros each year for 10 years, 474 euros in life premium or 3 euros 895 single premium contract with R??solys funeral financing, “said Pascale Pouvreau-Dupont, Director of Development Bank PO Welfare.
Some contracts also include a component of services from a company funeral. They help relieve his family from all the hassles associated with the organization of his last wishes, as in this case, the guaranteed capital subscription is not paid to a designated beneficiary, but a funeral company financial partner network .
CONTRACTS UP TO 85 YEARS
This type of contract work as the previous ones, both opening for the guaranteed capital. Only differences: the maximum age to subscribe up to 85 years, and the paid-up capital may be higher, because it incorporates a range of services ranging from basic to high end. However, with a capital of around 5000 euros, most contracts guarantee quality services for funeral arrangements.
Another advantage: some of them ensure that the services provided will be made without surco t, even if the rates of providers increased between the date of purchase and your demise?.
These contracts are useful for those who want to ensure the tranquility of their relatives at a difficult time, also have disadvantages. First, with a single contract financing, the beneficiary free of charge is not obligated to use the funds to finance the funeral. It can perfectly retain for its own account, in this case, funeral expenses will be paid from the estate.
Then, capital appreciation placed on these contracts, whatever their form, is very low. It should therefore not purchase such contracts too young, at the risk of the capital increase marginally. It is also for this reason that we must favor the payment of a single premium if you have the means to start or temporary premium payment, less expensive to very long term.
Because if you opt for the life bonus, the amount payable each year will certainly be lower, but the co t from slipping if you beat records of longevity.
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