Brampton Funeral Insurance

Brampton Funeral Bonds

The purpose of a funeral bond in Brampton is to cover the cost of the funeral in the event of your unexpected death. The money invested in the bond is paid out on death and can only be used for the funeral.

The funeral bonds are backed by a capital guarantee and they are a reliable investment. They are portable and reliable but are not tied to your location in Brampton. The bond has a limit and it is indexed every year. You can get more information about funeral bonds from your funeral director.

Funeral Bonds in Brampton has the following benefits:

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Brampton Obituary and Mortality Rate

The number of deaths is increasing in most parts of Canada, Brampton is not an exemption. The Ontario city has recorded an increased number of deaths from 637 in 1986 to 1782 in 2009. On the other hand, the city has a decreasing age-standardized mortality rate which has increased from 702.1 to 451.1 within the same period. Obituary helps the public to know about the death of a person. It is also a good way to recognize the deceased and the role he/she has played in moving society forward.

Brampton Funeral Homes Listings

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Brampton Funeral Insurance News

Most Canadians do not think about funeral costs as if death never happens but you will have to cater for the funeral cost when your loved one dies. Funeral costs could be very expensive and you could be faced with the expenses when making final arrangements for the funeral especially if you have to settle your loved one’s outstanding debts.

The cost of funerals could be up to $15,000 in Canada. Sadly, most Canadians live paycheque to paycheque and as a result, several Canadians may not be able to cater to the cost of funerals and associated costs. It is also required that the deceased estates settle most of his outstanding debts. An average consumer has a debt of about $22,000. You may have to use the deceased assets to settle his debts and still cater to the cost of the funeral.

Since most Canadians do not plan for their deaths, the cost of the burial, cremation or memorial service is left on the family members. Also, since funerals are very expensive, most Canadian families would rather opt for cremation.

However, with appropriate life insurance, you can lift the burden of your funeral off your family’s shoulders. The benefits associated with term life insurance depend on the policy but the lump sum could be up to $250,000 which can be used for any purpose including funeral costs.

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