Funeplan is now available in the Spanish market, a new service from the founders of funeralio.com that allows contracting a funeral service while still alive and paying financed without interest. It is a very popular concept in the United States and in the rest of Europe that constitutes an alternative to death insurance policies.
Funeplan offers customers with no age limit the possibility of pay for a funeral service, for the present or the future, through installments during a determined period. Once the contractor completes the entire amount, he does not have to pay any extra amount, so he only pays the actual cost of the chosen funeral plan. “This is one of the main advantages of Funeplan: It is about funeral plans with closed prices, without surprises”they explain from the company.
Funeplan is a new service that allows you to contract a funeral service while you are still alive and pay financed without interest
As indicated M.LouisCEO of the startup funeralio.com, «In a funeral plan or funeral plan you know what you are going to pay from the first moment and you can divide the payment into monthly installments from 46 euros per month for 5 years. In death insurance, you have to pay installments throughout your life».
According to the Spanish Union of Insurance and Reinsurance Entities, by the end of 2020 there were more than 22,083,188 people with death insurance in the country. In the pandemic, there have been many cases of people who, after paying for an insurance policy for many years, stopped paying for it due to financial problems just before they died, and their family had to bear the costs.
This situation does not occur with funeral plans, since a Funeplan is a contract for future funeral services that guarantees that, if a person dies before having completed the payment for the service, everything they have paid and their relatives/relatives are recognized. descendants only have to pay the remaining amount. The amounts paid in a Funeplan are never lostthat is the biggest advantage over death insurance.
In Spain, according to the Cooperative Investigation service between Insurance Entities the volume of premiums in the country exceeds, since 2019, 2,460 million euros and the companies Santa Lucía, Ocaso and Mapfre lead the sector; For their part, funeral plans, which appeared more recently on the market, have begun to be implemented by large companies in the funeral sector such as Mémora or Parcesa, and now Funeplan.
«Although we know that in Spanish culture the contracting of death insurance is very established, there is a segment, I dare say that especially between 20 and 50 years of age, who wants hire knowing what pays, how much you pay and for how long you pay it, they want a beginning and an end; that is where the funeral plans respond to that need”, Explain Mario NavarroMarketing Director of .
Funeplan offers three types of modalities to choose: Simple, standard and Premium. Contracting can be done 100% online or with the assistance of an agent through a 24-hour telephone service and the client decides the duration of the financing (maximum 5 years). The option of a single payment is also available to hire any of the options.