A large part of the Dutch population is underinsured. And especially when it comes to funeral insurance. A sensitive subject, of course, but important. An average funeral costs about 7,500 euros, while most people are not sufficiently insured for it. Since most people assume that a funeral costs between 5000 and 6000 euros.
Also, most people do not know what is covered under their funeral insurance, while they do not want their next of kin to be faced with unexpected costs. Time to check your insurance. Take a good look at the amount for which you are insured. It is also useful to use a funeral calculator, so that you are well aware of all the costs associated with a funeral insurance policy, so you can also adjust your insurance. You can usually find this funeral calculator on the website of your insurer or intermediary. Even if you compare your funeral insurance , you know exactly how much you have to pay, and whether you are not paying too much or too little.
Confusion and misunderstandings
What many people do not know is that there are two types of insurance that are wise to take out, although they are not mandatory. Namely the funeral insurance or the funeral insurance and the death insurance. A misunderstanding often arises because people think that the term life insurance covers the funeral costs. So this is not true, and in addition, a life insurance policy is also more expensive than the funeral insurance.
The term life insurance is there to absorb the financial blow after the death of a person. With this insurance a certain amount is paid after the death, with which the rent or mortgage can be paid. Funeral insurance is the insurance that you take out to cover the costs of a funeral. There are also two types of funeral insurance, the in-kind insurance and the endowment insurance. With the in-kind insurance you get a standard funeral without extras. With the endowment insurance you receive an amount, which you can freely spend on the funeral.