Replace your existing funeral cover and SAVE UP TO 50% on your premiums
The Consolidator Funeral Plan (CFP) is designed to deliver significant monthly premium savings when replacing your one, two or more existing funeral policies. CFP provides you with the convenience of only paying, communicating and claiming from a single insurer. The CFP will match the combined lump sum amounts of your existing cover in a single policy. Through this process we have succeeded in saving our customers an average of 30% – 50% on their monthly premiums.
Why is Consolidator Funeral Plan cheaper than other funeral cover?
Most other funeral cover providers charge the same premium to all customers for a set choice of cover amounts. These premiums don’t take into account the age and lifestyle profile of each customer. This one-size-fits-all approach often results in customers who are young (less than 55 years of age) and healthy paying more than they should.
We work out a more accurate premium for each of our customers based on their unique profile. To do this we ask our customers some basic information about themselves and their health when preparing a quote.
For customers who are healthy and younger than 55 individual premium pricing can produce significant premium savings compared to the cost of their existing cover.
We have also cut out unnecessary sales and marketing costs as these ultimately lead to higher customer premiums. Accordingly, we avoid employing external brokers and costly advertising.
Let’s look at a real life example to illustrate the savings that can be created. Makhosini* is a 40 year old who works in construction. He is married to Zinhle* who is also 40 years old and they have 4 children. If he replaces his 3 existing funeral cover policies (Policy A, Policy B and Policy C) with a single Consolidator Funeral Plan he can save R625 per month, while still enjoying the same levels of cover for himself, his wife, children and parents as provided under his 3 current policies.