Metropolitan’s 10 Steps to help you achieve Success with your Funeral Plan
- Draw up a proper financial plan
Get the help of a financial adviser to draw up your financial plan. Your financial plan should include a plan for moving forward on your financial journey as well as drawing up a Will to ensure there is a plan for when you are no longer there. When you have a plan, it is important to stick to it. If you do this, you will have a better chance of reaching your life goal. Review your plan with your financial adviser at least once a year to make sure that it still meets your changing needs.
- Find solutions to meet your life goals
You decide what you need and what you can afford. Your adviser will explain the options available to you and you will agree on the detail of your plan with your financial adviser. Your user guide and contract explain the general information about your plan. Your plan summary explains the specific choices you made. Together, they make up your agreement with Metropolitan. Read them and make sure you understand them.
- Choose your beneficiaries
Beneficiaries are those people who get the remaining money when you pass away. It is important that we always have their correct details. Let us know if any of them or their contact details change so that you can be sure they get what you want them to. Tell the person you trust to arrange your funeral who these people are.
- Protect your plan
You can protect your plan against unforeseen events as follows:
• Add the Payment Protection benefits so that no further premiums will be payable if you pass away, become disabled, or when you retire.
• Add the Value Protection benefit to keep up with the rising cost of living (inflation).
- Ensure you give us the correct information
Make sure that the information you give us is correct, such as contact details, identity numbers or dates of birth and beneficiary details. If we do not have the correct information, we cannot:
• Communicate with you.
• Pay out your benefits quickly.
• Send you important documents.
- Make sure your plan details are correct
You must make sure that the benefits you choose and the information on your plan summary match your life goal. Let us know if any of it changes. Keep your user guide and contract and your plan summary safe. Tell someone you trust where to find them.
- Make regular monthly payments
Commit to making regular monthly payments to keep your cover and your financial plan on track. This way, you have a better chance of reaching your life goal.
- In financial difficulty, call us!
Speak to your financial adviser or contact us if you experience financial difficulty. We can help when you have no choice but to:
• Reduce your monthly payments.
• Reduce cover.
• Remove a benefit.
- Review your plan
Contact us when changes in your life happen to make sure that your plan stays up-to-date. You can change your plan by either increasing or decreasing your cover levels or by adding or removing remaining benefits or other family members to your plan.
- When the unexpected happens
We know how difficult it can be when losing a loved one. We want to help make the process as simple as possible by paying out your benefit quickly. Your funeral plan benefits pay out when you, or someone else on your plan, passes on.
Speak to your broker about Metfuneral from Metropolitan or contact us on +264 61 297 3100 to get funeral cover today.