Group Funeral SchemesFidelity Life Assurnce
Group Funeral Schemes have been designed to enable family members to have access to cash to meet actual funeral expenses. Upon the death of a member, a pre-determined lump sum is paid out to the member’s dependents to cater for funeral expenses. Minimum documentation is required to access this benefit and ideally a payout should be made within 24 to 48 hours of death occurring. The amount paid out is usually a multiple of one’s monthly salary at the time of death – e.g. three months’ salary or a flat amount like $1,500 in respect of all employees.