Death Benefits and Funeral Benefits
Death Benefits and Funeral Benefits are two options that offer financial support to your family if you or a loved one passes away due to a motor vehicle accident. These separate coverages can help your family handle necessary expenses and arrangements without taking on added financial pressure.
Get to Know Your Coverage
The Death Benefit provides lump-sum payments to surviving family members if someone passes away due to a motor vehicle accident.
Who is eligible: Spouse and dependants.
Benefit: $25,000 to spouse; $10,000 per dependant.
Additional Coverage: $50,000 for spouse; $20,000 per dependant.
The Funeral Benefit helps to cover the funeral costs of someone who passes away due to a motor vehicle accident.
Who is eligible: Spouse and dependants.
Benefit: $6,000.
Additional Coverage: $8,000.
Example: After a fatal motor vehicle accident, a young person’s family received a payment that helped cover funeral costs and other financial needs during an incredibly difficult time.
Watch Now: Understanding Death Benefits and Funeral Benefits
Watch this short video to learn all about Death Benefits and Funeral Benefits and how they can help your family after a motor vehicle accident.
Watch Now: Understanding Death Benefits and Funeral Benefits
Find out how these benefits can ease the financial burden on your family during a difficult time.
Understanding the Right Coverage for You
Choosing whether to include Death Benefits and/or Funeral Benefits in your policy depends on your family’s financial situation and support system. Think about whether your loved ones could cover immediate costs — such as funeral expenses or other out-of-pocket expenses — if you were to pass away in a motor vehicle accident.
Consider, too, whether your family relies on your income to maintain their standard of living. If you already have sufficient life insurance or other financial protection in place, you may feel this coverage is less necessary. If not, adding it can provide important support for your family during a difficult time. For personalized advice, speak with an insurance agent or broker to confirm whether these benefits meets your needs.
From the Blog: Learn More About Death Benefits and Funeral Benefits
Read more to get practical tips, examples and guidance on your coverage.
Still have questions? These FAQs cover the basics.
Didn’t find what you were looking for?
See more FAQ's