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Toronto Funeral Insurance

Toronto Funeral Insurance Overview

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A lot of Canadians do not have the experience and knowledge to organize a successful funeral but such an event requires prior experience and knowledge to make it successful. This is why you should hire an accredited funeral director in Toronto to plan your funeral and provide maximum assistance to you. The funeral director will make the planning and organization of your funeral stress-free and will provide you with topnotch services with dignity and professionalism.

A funeral director will help you to choose the exact type of funeral you want and offer you the necessary professional assistance to make it possible. The goal of funeral directors is to ensure that the wishes of the deceased and those of his family members are fulfilled.

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Toronto Funeral Insurance Details

Toronto Funeral Bonds

Funeral bonds are reliable investments backed by capital guarantees. They are money stashed out to cover the eventual cost of your funeral in Toronto. Funeral bonds are portable and flexible, they are not tied to your specific location in Toronto.

Furthermore, the funeral bond amount can only be paid out when you die and the money must be used for the purpose of the funeral. The bond amount is indexed annually and there is a maximum amount that can be invested in a funeral bond. You can contact your funeral director in Toronto to get more information about funeral bonds.

Here are some benefits of funeral bonds in Toronto:

  • Funeral bonds in Toronto do not have an entry or exit fee.
  • The earnings from a funeral bond do not affect your position on personal income tax in the city.
  • By investing in funeral bonds, you can make your funeral less burdensome to your loved ones.

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Toronto Obituary and Mortality Rate

Residents of Toronto are living longer than before. The age-standardized all-cause mortality rate in Toronto decreased between 2001 and 2010 from 542 deaths per 100,000 people to 436 deaths per 100,000 people in 2010. Furthermore, a 2018 report shows a decrease in premature death in Ontario, however, gains in longevity are mostly seen in GTA.

Toronto residents love to celebrate their dead. While funeral services are usually organized to celebrate a deceased loved one, Toronto residents also organize obituaries in honor of the dead. An obituary, which includes a short biography of the deceased, serves as a notice of death to other residents and Canadians in general.

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Toronto Funeral Homes Listings

  • S. Kane Funeral Home – 6150 Yonge St, North York, ON M2M 3W9 – (416) 221-1159
  • Cardinal Funeral Home – 366 Bathurst St, Toronto, ON M5T 2S6 – (416) 603-1444
  • Newediuk Funeral Home A. Roy Miller Chapel – 1695 St Clair Ave W, Toronto, ON M6N 1J2 – (416) 656-3585
  • Turner & Porter Yorke Chapel – 2357 Bloor St W, Toronto, ON M6S 1P4 – (416) 767-3153
  • Rosar-Morrison Funeral Home & Chapel – 467 Sherbourne St, Toronto, ON M4X 1K5 -(416) 924-1408
  • Ridley Funeral Home Ltd. – 3080 Lake Shore Blvd W, Etobicoke, ON M8V 1K3 – (416) 259-3705
  • Lynett Funeral Home – 3299 Dundas St W, Toronto, ON M6P 2A5 – (416) 767-1176
  • Morley Bedford Funeral Services – 159 Eglinton Ave W, Toronto, ON M4R 1A8 -(416) 489-8733
  • Jerrett Funeral Homes – 1141 St Clair Ave W, Toronto, ON M6E 1B1 -(416) 654-7744
  • Heritage Funeral Centre – 50 Overlea Blvd, Toronto, ON M4H 1B6 – (416) 423-1000

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Toronto Funeral Insurance Related Pages

Toronto Funeral Insurance News

Two young victims, Reese Fallon and Juliana Kozis, were killed in a mass shooting in Greektown neighborhood in Toronto. Mourners bid them goodbye on Monday, July 30, 2018.

Separate funerals were organized in private for the two victims. The funeral service was attended by dignitaries such as Prime Minister Justin Trudeau and Ontario Deputy Premier Christine Elliott. Mourners attended to pay their last respect for Fallon, a recent high school graduate who was about to start studying nursing at Hamilton’s McMaster University.

The police were also in attendance at the funeral service and groups of teens entered to say goodbyes.

Kozis’ funeral was held at a Greek Orthodox church in Markham. The funeral was attended by a small group of mourners who watched as a white casket was lifted from the hearse into the ornate building.

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Toronto Funeral Insurance FAQ

What Does Funeral Insurance Cover?

Funeral insurance provides coverage up to $15,000 to cover your funeral. The amount is paid out on death.

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

In case you cannot afford the cost of a funeral, burial or cremation, you can sign a release form with the state or county coroner’s office indicating that you cannot afford the burial. The state will offer to either bury or cremate the remains.

What Is the Difference Between Life Insurance and Funeral Insurance?

Funeral insurance is similar to life insurance but both have differences. Funeral insurance usually pays a smaller amount than life insurance and is suitable for short-term expenses but life insurance provides for long-term financial security.

Who is Legally Responsible for Funeral Costs?

The cost of the burial, cremation or funeral should be paid out from the deceased’s estate but in situations where the deceased’s estate does not have sufficient fund, the family can sign a release form with the state or county for burial or cremation.

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