Halifax Funeral Insurance

Halifax Funeral Bonds

Funeral bonds are money set aside to cater for your funeral cost on your eventual death. However, the money can only be used for the purpose of the funeral and is only paid out when you die.

The bonds are reliable investments. They are flexible and portable and also backed by a capital guarantee. Furthermore, funeral bonds in Halifax are not fixed with your location in the city but they are annually indexed and have a maximum amount. You can get more information about a funeral bond in Halifax from your funeral director.

Here are the benefits of funeral bonds in Halifax:

To read more about Halifax funeral insurance, click here.

Halifax Obituary and Mortality Rate

The death rate in Halifax has fluctuated from 6.9 to 8.4 between 2014 and 2018. The city has a death rate of 7.0 in 2014, 7.6 in 2015, 6.9 in 2016, 8.4 in 2017, and 7.6 in 2018. Also, the number of deaths in Nova Scotia increased from 8,876 in 2013 to 9,547 in 2017 and the mortality rate per 1,000 population fluctuated from 9.3 to 10.0 within the same period.

When someone dies in Halifax, the obituary is an essential procedure that should follow. It is usually done to announce to other Canadians about the death of the person. An obituary is a way to inform the world about the deceased’s contributions to humanity.

Halifax Funeral Homes Listings

Halifax Funeral Insurance News

Nova Scotia is the first Atlantic province where residents can purchase insurance in funeral homes to prearrange funerals. However, before you sign up for the coverage, you need to ask some questions. For instance, you may not be covered as you expect if the person dies too soon or if you fail to declare an already-existing condition.

The change which was implemented on September 1, 2016, reduces red tapes and offers more options for funeral homes. But according to Adam Tipert, owner of Sweeney’s Funeral Home in Bridgewater and chairman of the Nova Scotia Board of Registration of Embalmers and Funeral Directors, such features already existed.

Tipert said that the option now is simply keeping the money with the insurance company to look after its financial aspect rather than funnelling it to a trusted company. According to Rodger Gregg, registrar of Cemetery and Funeral Services with Services Nova Scotia, funeral insurance is a more manageable payment that can make it easier to afford a prearranged funeral.

Gregg added that the change was implemented to align Nova Scotia with other countries such as Alberta, British Columbia, Quebec, Manitoba, and Saskatchewan. Michael Smith, Canada Purple Shield Insurance’s district manager in Nova Scotia, said it is a type of life insurance and it is based on risk. He added that

To learn more about Halifax funeral insurance, click here.