Markham Funeral Insurance

Markham Funeral Insurance: The Coverage Overview
Compare. Get the best policy. Save money!
Get a Quote Now
Candles Burning Bright

Markham Funeral Insurance Overview

Markham logo

Funerals are a celebration of a person’s life and it should be well-organized. However, the arrangements for funerals are usually done at one of the most difficult moments of one’s life and most people don’t have the right experiences and knowledge to organize a successful funeral.

This is why you should hire an accredited funeral director in Markham to handle your funeral. By doing this, you will make the funeral less burdensome for your dependents. A Markham funeral director provides several services but the services are all aimed at helping you to have a successful funeral. The funeral director will render maximum assistance to make the wishes of the deceased and those of his family fulfilled.

To compare insurance rates click here.

Markham Funeral Insurance Details

Markham Funeral Bonds

Funeral bonds are money reserved for the purpose of a funeral in Markham. It is intended to cover the entire cost of the event. However, money invested in a funeral bond is only paid out when you die and it must be used for the purpose of the funeral.

The bonds are backed by capital guarantee; they are a flexible, portable and reliable investment and usually not tied to your specific location in Markham. In addition, funeral bonds in Markham do not have a maximum limit and they are annually indexed. Contact your funeral director in Markham to get more information about funeral bonds.

Here are the benefits of funeral bonds in Markham:

  • The money you earned from funeral bonds does not affect your personal income tax position in Markham.
  • Funeral bonds in Markham do not have an entry or exit fee.

To read more about Markham funeral insurance, click here.

Markham Obituary and Mortality Rate

According to a 2008 report, Markham Stouffville Hospital had the highest death rate in Canada. However, a 2018 Maclean’s ranking of the most dangerous places in Canada listed the York Region among the safest places in Canada. The region is ranked 201 out of 229 places. It reported a homicide rate of 0.69 incidents per 100,000 people below the national average of 1.68.

Obituaries are considered essential in Markham. When a resident dies, it is customary to announce to the public about the exit of the person and also write a succinct biography of the deceased in the obituary.

To learn more about Markham funeral insurance, click here.

Markham Funeral Homes Listings

  • Humphrey Funeral Home A.W. Miles-Newbigging Chapel Limited - 1403 Bayview Ave, East York, ON M4G 3A8 - (416) 487-4523
  • Chapel Ridge Funeral Home & Cremation Centre - 8911 Woodbine Ave, Markham, ON L3R 5G1 - (905) 305-8508
  • Highland Funeral Home - Markham Chapel - 10 Cachet Woods Ct, Markham, ON L6C 3G1 - (905) 887-8600
  • Dixon-Garland Funeral Home - 166 Main St N, Markham, ON L3P 1Y3 - (905) 294-2030
  • Chapel Ridge Funeral Home & Cremation Centre - 8911 Woodbine Ave, Markham, ON L3R 5G1 - (905) 305-8508

To learn more about the right Markham funeral insurance, click here.

Funeral Insurance Related Pages

Markham Funeral Insurance News

Policy makers in some provinces are reconsidering rules involved in the distribution of funeral insurance products. This is important because funeral insurance has become a popular method for residents to fund their eventual funerals.

Regulators strive to provide a balance on sufficient availability of products with requisite consumer protection but the result of this depends on the province concerned. In some provinces, it implies a stricter rule for financial advisors selling the products but in some other provinces, it implies a greater competition in distributing funeral insurance.

Greg Pollock, president and CEO of Advocis, a Toronto based company said that it is a balance between providing a fairly open market for clients and ensuring that suitability and good standards as regards the product sales are ensured.

The Ontario government is restricting the marketing of funeral insurance products in the province. The government amended the Insurance Act to prohibit life insurance agents from making contacts either in person or by telephone to sell funeral insurance. The only exception is if the person has asked the insurance agent to contact him.

To learn more about Markham funeral insurance, click here.

Markham Funeral Insurance FAQ

What Does Funeral Insurance Cover?

What Happens When a Family Can’t Afford a Funeral?

What Is the Difference Between Life Insurance and Funeral Insurance?

Who is Legally Responsible for Funeral Costs?

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram