4 Cigna Funeral Insurance Terms You Need to Know before Applying

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Welcome to Funeral Insurance NZ
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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 dont go signing away
before you fully understand the terminology of
your funeral cover documents, so you can get the
best outcome.
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First, a Definition
Before you consider purchasing Cigna funeral
insurance, its a good thing to know exactly what
it is and how it will help your loved ones once
youve 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.
Whats a premium? Dont worry well get to the
terminology shortly! Unfortunately Cigna funeral
insurance isnt at the top of most peoples list
when theyre preparing for the future. Wed
rather spend our time organizing more important
things, right? But whats 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,
youd 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
dont 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.
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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 youd 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.
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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 its 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 cant put a price tag on the
peace of mind youll get that comes with being
prepared with Cigna funeral insurance policy.
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ABCs of Cigna Funeral Insurance
Once youve 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. Its true! If you are an
insurance novice, you might not know what you are
signing up for! Have no fear weve got the
information youre looking for.
By the time you are finished with the top terms
used in Cigna Funeral Insurance, youll be a
funeral cover expert! So, start reading on
further!
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Cigna Funeral Insurance Policy Owner
Lets 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 arent too many
restrictions on who your beneficiary can be, but
they cant 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.
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Premiums in Cigna Funeral Insurance
Surely, youve 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 youd like
in order to see your last wishes carried out.
Insurance companies like Funeral Insurance NZ
offer Cigna Funeral Insurance to suit everyones
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 youve
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.
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Like weve said before, we know that its not
easy getting through the insurance paperwork as
theres a lot of jargon that is easy to
misinterpret. As the master of your own destiny,
youve got to know what every term means on your
Cigna funeral insurance policy, because you cant
sign a legal document that you are unsure about!
While weve 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! Weve got our experts stand-by for
you!
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