Funeral cover scams are quite easily avoided

How can you separate scammers from the legitimate businesses that want to give you a proper send-off? Avoiding a scam is easier said than done.

Here are some warning signs to help you separate the scammers from the legitimate businesses: No reputable insurers deal in cash, unless paid directly at a branch. If they’re not willing to set up a debit order or let you pay via EFT, it’s best to give them a firm side-eye and move on. If the documents they want you to sign seem more difficult to understand than usual, and they don’t want to explain certain terms to you, it’s a red flag. When in doubt get someone to read over the paperwork with you for a second opinion. If there are no documents, it’s a bad sign. At least you need a policy document, but it’s always good to have documents (digital or paper) that trace your correspondence regarding all aspects of the cover. If you’re unsure whether the person or place you’re buying a policy from is legitimate, ask to see their licence from the Financial Services Board. You can also check whether they are registered to sell policies by calling the FSB at 080-020-2087 (you’ll need the name of the business, or the person’s full name and ID number). As easy as it is to fall for a scam, it’s just as easy to find a good deal. Take your time and look for an insurer backed by a reputable organisation. Digital insurer Indie offers funeral cover with an added savings facility called Wealth Bonus. It’s a growing investment that’s built into your policy, at no extra cost.

www.indiefin.com